Myomo Inc (MYO) Sees Significant Increase in Short Interest
Myomo Inc (NYSEAMERICAN:MYO) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 209,617 shares, a growth of 208.1% from the October 13th total of 68,045 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average trading volume of 74,202 shares, the short-interest ratio is presently 2.8 days.
Shares of Myomo (NYSEAMERICAN:MYO) remained flat at $$6.65 during mid-day trading on Monday. The company had a trading volume of 310,300 shares, compared to its average volume of 290,379. Myomo has a 12 month low of $2.53 and a 12 month high of $23.20.
Separately, HC Wainwright restated a “buy” rating on shares of Myomo in a research report on Monday, October 2nd.
Myomo Company Profile
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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