Transenterix Inc (TRXC) Short Interest Up 4.1% in July
Transenterix Inc (NYSE:TRXC) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 7,584,313 shares, a growth of 4.1% from the July 14th total of 7,286,423 shares. Currently, 7.8% of the company’s stock are sold short. Based on an average daily volume of 753,393 shares, the short-interest ratio is presently 10.1 days.
Shares of Transenterix (NYSE:TRXC) traded down 1.5728% during trading on Wednesday, hitting $0.6884. 687,671 shares of the stock traded hands. Transenterix has a one year low of $0.45 and a one year high of $2.33. The firm has a 50 day moving average price of $0.70 and a 200-day moving average price of $0.95. The company’s market cap is $91.13 million.
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TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.
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