ReWalk Robotics Ltd. (NASDAQ:LFWD) Sees Significant Growth in Short Interest

ReWalk Robotics Ltd. (NASDAQ:LFWD) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 324,600 shares, an increase of 21.3% from the January 15th total of 267,500 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 668,000 shares, the short-interest ratio is currently 0.5 days.

Insider Buying and Selling

In other ReWalk Robotics news, major shareholder Global Fund Lp Lind II sold 381,676 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $3.36, for a total transaction of $1,282,431.36. Following the transaction, the insider now directly owns 1,049,430 shares in the company, valued at approximately $3,526,084.80. This represents a 26.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Swinford purchased 16,471 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $1.84 per share, with a total value of $30,306.64. Following the completion of the purchase, the director now owns 26,511 shares in the company, valued at $48,780.24. The trade was a 164.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 61,000 shares of company stock worth $115,279 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LFWD. Laidlaw began coverage on ReWalk Robotics in a research note on Monday, February 10th. They issued a “buy” rating and a $10.00 price target for the company. HC Wainwright reissued a “buy” rating and set a $13.00 target price on shares of ReWalk Robotics in a research note on Wednesday, November 13th.

ReWalk Robotics Stock Performance

NASDAQ LFWD traded up $0.22 during trading hours on Monday, reaching $2.19. 708,676 shares of the company’s stock were exchanged, compared to its average volume of 294,354. The company’s 50-day moving average is $1.73 and its two-hundred day moving average is $2.45. ReWalk Robotics has a one year low of $1.25 and a one year high of $7.70. The company has a market capitalization of $19.25 million, a price-to-earnings ratio of -0.88 and a beta of 2.05.

About ReWalk Robotics

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes technologies that enable mobility and wellness in rehabilitation and daily life for individuals with physical and neurological conditions in the United States, Europe, the Asia-Pacific, and internationally. It offers ReWalk personal exoskeleton and rehabilitation exoskeleton devices; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke; AlterG Anti-Gravity System for use in physical and neurological rehabilitation and athletic training; MyoCycle devices; and ReBoot, a personal soft exo-suit for home and community use by individuals post-stroke.