Monogram Orthopaedics, Inc. (NASDAQ:MGRM) Sees Significant Decrease in Short Interest

Monogram Orthopaedics, Inc. (NASDAQ:MGRM) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 179,400 shares, a decrease of 30.1% from the October 31st total of 256,600 shares. Based on an average trading volume of 194,600 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the shares of the stock are short sold.

Monogram Orthopaedics Price Performance

Shares of MGRM stock traded up $0.02 during trading hours on Friday, hitting $2.02. 18,849 shares of the company’s stock were exchanged, compared to its average volume of 144,697. The stock’s 50-day moving average is $2.30 and its 200-day moving average is $2.38. The stock has a market cap of $69.31 million, a price-to-earnings ratio of -4.30 and a beta of 2.28. Monogram Orthopaedics has a 52 week low of $1.53 and a 52 week high of $4.90.

Institutional Trading of Monogram Orthopaedics

Large investors have recently made changes to their positions in the business. Barclays PLC bought a new stake in shares of Monogram Orthopaedics during the third quarter worth $29,000. Virtu Financial LLC acquired a new position in shares of Monogram Orthopaedics during the first quarter valued at $32,000. State Street Corp acquired a new position in shares of Monogram Orthopaedics during the third quarter valued at $62,000. Finally, Geode Capital Management LLC lifted its stake in shares of Monogram Orthopaedics by 1,267.4% during the third quarter. Geode Capital Management LLC now owns 210,144 shares of the company’s stock valued at $557,000 after acquiring an additional 194,776 shares during the period. Institutional investors own 0.45% of the company’s stock.

About Monogram Orthopaedics

Monogram Orthopaedics, Inc focuses on developing a product solution architecture to enable patient-optimized orthopaedic implants. The company intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation for use in reconstructive joint replacement procedures.