Tivic Health Systems, Inc. (NASDAQ:TIVC) Sees Large Drop in Short Interest

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 152,300 shares, a decline of 35.7% from the November 30th total of 236,700 shares. Based on an average trading volume of 6,750,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.9% of the shares of the company are sold short.

Tivic Health Systems Price Performance

TIVC stock opened at $0.30 on Monday. The business’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.32. Tivic Health Systems has a 1-year low of $0.20 and a 1-year high of $2.24.

Hedge Funds Weigh In On Tivic Health Systems

A hedge fund recently bought a new stake in Tivic Health Systems stock. Warberg Asset Management LLC purchased a new stake in Tivic Health Systems, Inc. (NASDAQ:TIVC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned 1.29% of Tivic Health Systems as of its most recent SEC filing. Institutional investors and hedge funds own 4.25% of the company’s stock.

Tivic Health Systems Company Profile

Tivic Health Systems Inc operates as a health tech company, focuses on developing and commercializing bioelectronic medicine. Its primary product is ClearUP, a bioelectronic medicine for the treatment of sinus and nasal inflammation. The company sells its products on direct-to-consumer channel through its own websites; and platforms, such as Amazon.com and Walmart.com, as well as to U.S.