Myomo Inc (MYO) Sees Large Decrease in Short Interest
Myomo Inc (NYSEAMERICAN:MYO) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 349,885 shares, a drop of 19.1% from the November 30th total of 432,461 shares. Approximately 8.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,332,938 shares, the short-interest ratio is currently 0.1 days.
Separately, HC Wainwright reissued a “buy” rating on shares of Myomo in a research note on Monday, October 2nd.
Shares of Myomo (NYSEAMERICAN MYO) opened at $3.75 on Friday. The company has a market capitalization of $22.91 and a price-to-earnings ratio of -0.70. Myomo has a 52 week low of $2.07 and a 52 week high of $23.20.
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Myomo, Inc is a United States-based medical device company specializing in myoelectric orthotics for people with neurological disorders. The Company’s products help to restore function in individuals with neuromuscular conditions, such as brachial plexus injury, spinal cord injury, multiple sclerosis and stroke.
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