Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Decreases By 33.3%

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 21,600 shares, a drop of 33.3% from the February 28th total of 32,400 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average trading volume of 672,200 shares, the days-to-cover ratio is currently 0.0 days.

Tivic Health Systems Stock Performance

Shares of NASDAQ:TIVC opened at $2.81 on Friday. The company’s fifty day moving average is $5.18 and its 200-day moving average is $4.89. Tivic Health Systems has a 52 week low of $2.64 and a 52 week high of $31.45.

Tivic Health Systems (NASDAQ:TIVC) last released its quarterly earnings results on Friday, March 21st. The company reported ($19.68) EPS for the quarter, beating analysts’ consensus estimates of ($85.00) by $65.32. Tivic Health Systems had a negative net margin of 670.95% and a negative return on equity of 201.30%. During the same period last year, the firm earned ($176.80) EPS.

About Tivic Health Systems

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.