Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Declines By 97.2%

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 67,900 shares, a decline of 97.2% from the July 31st total of 2,400,000 shares. Based on an average daily trading volume, of 4,850,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Tivic Health Systems

A hedge fund recently bought a new stake in Tivic Health Systems stock. Warberg Asset Management LLC purchased a new position in shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned approximately 1.29% of Tivic Health Systems as of its most recent SEC filing. 4.25% of the stock is currently owned by institutional investors and hedge funds.

Tivic Health Systems Stock Down 4.7 %

Shares of Tivic Health Systems stock traded down $0.02 on Tuesday, hitting $0.34. The stock had a trading volume of 75,237 shares, compared to its average volume of 2,195,389. The company’s 50 day moving average price is $0.39 and its 200 day moving average price is $0.77. Tivic Health Systems has a 52-week low of $0.28 and a 52-week high of $4.01.

About Tivic Health Systems

Tivic Health Systems Inc operates as a health tech company, focuses on developing and commercializing bioelectronic medicine. Its primary product is ClearUP, a bioelectronic medicine for the treatment of sinus and nasal inflammation. The company sells its products on direct-to-consumer channel through its own websites; and platforms, such as Amazon.com and Walmart.com, as well as to U.S.