Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Rises By 556.6%

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,000,000 shares, a growth of 556.6% from the December 15th total of 152,300 shares. Based on an average daily trading volume, of 6,990,000 shares, the short-interest ratio is presently 0.1 days. Currently, 12.1% of the shares of the company are sold short.

Institutional Investors 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 Tivic Health Systems, Inc. (NASDAQ:TIVC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned 1.29% of Tivic Health Systems as of its most recent filing with the Securities and Exchange Commission (SEC). 4.25% of the stock is currently owned by institutional investors and hedge funds.

Tivic Health Systems Trading Down 10.0 %

NASDAQ:TIVC opened at $0.28 on Tuesday. The business’s fifty day moving average is $0.28 and its 200 day moving average is $0.32. Tivic Health Systems has a 52-week low of $0.20 and a 52-week high of $2.24.

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.