Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Declines By 23.6%

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 62,200 shares, a decrease of 23.6% from the September 15th total of 81,400 shares. Based on an average daily volume of 4,950,000 shares, the short-interest ratio is currently 0.0 days. Approximately 1.0% of the company’s stock are sold short.

Tivic Health Systems Stock Performance

Shares of NASDAQ TIVC remained flat at $0.23 on Tuesday. 188,022 shares of the company’s stock were exchanged, compared to its average volume of 1,880,327. The company has a 50 day moving average of $0.30 and a 200 day moving average of $0.53. Tivic Health Systems has a fifty-two week low of $0.22 and a fifty-two week high of $3.21.

Tivic Health Systems (NASDAQ:TIVC) last released its earnings results on Wednesday, August 14th. The company reported ($0.32) EPS for the quarter. Tivic Health Systems had a negative return on equity of 172.08% and a negative net margin of 606.47%. The company had revenue of $0.14 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tivic Health Systems stock. Warberg Asset Management LLC bought a new position in Tivic Health Systems, Inc. (NASDAQ:TIVC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned about 1.29% of Tivic Health Systems as of its most recent filing with the SEC. Institutional investors own 4.25% of the company’s stock.

Tivic Health Systems Company Profile

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.