Short Interest in Movano Inc. (NASDAQ:MOVE) Increases By 30.3%

Movano Inc. (NASDAQ:MOVEGet Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 137,100 shares, an increase of 30.3% from the April 30th total of 105,200 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 238,100 shares, the short-interest ratio is presently 0.6 days.

Movano Stock Performance

Shares of NASDAQ:MOVE traded up $0.01 during midday trading on Friday, hitting $0.38. 176,061 shares of the stock were exchanged, compared to its average volume of 122,652. Movano has a 52-week low of $0.35 and a 52-week high of $1.50. The business’s fifty day simple moving average is $0.46 and its two-hundred day simple moving average is $0.60. The company has a market capitalization of $37.71 million, a PE ratio of -0.69 and a beta of 0.21.

Movano (NASDAQ:MOVEGet Free Report) last posted its earnings results on Thursday, April 4th. The technology company reported ($0.11) earnings per share for the quarter.

Hedge Funds Weigh In On Movano

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Movano during the fourth quarter worth about $88,000. EP Wealth Advisors LLC acquired a new stake in Movano during the fourth quarter worth about $101,000. Finally, Mirador Capital Partners LP boosted its holdings in Movano by 9.6% during the first quarter. Mirador Capital Partners LP now owns 413,204 shares of the technology company’s stock valued at $170,000 after purchasing an additional 36,230 shares in the last quarter. 16.64% of the stock is currently owned by institutional investors.

About Movano

(Get Free Report)

Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.

Further Reading

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