Movano Inc. (NASDAQ:MOVE) Short Interest Update

Movano Inc. (NASDAQ:MOVE) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 44,800 shares, a growth of 45.0% from the January 15th total of 30,900 shares. Based on an average trading volume of 37,300 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the shares of the stock are sold short.

Movano Stock Performance

Movano stock traded down $0.01 during midday trading on Friday, reaching $5.13. The company’s stock had a trading volume of 1,639 shares, compared to its average volume of 7,419. Movano has a fifty-two week low of $2.80 and a fifty-two week high of $11.25. The firm has a market capitalization of $34.01 million, a PE ratio of -1.00 and a beta of 0.53. The stock’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $5.06.

Institutional Trading of Movano

A number of institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Movano during the 3rd quarter valued at approximately $55,000. Geode Capital Management LLC increased its stake in Movano by 22.2% in the 3rd quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock valued at $275,000 after purchasing an additional 139,420 shares in the last quarter. Finally, Clayton Partners LLC acquired a new position in Movano during the fourth quarter worth $609,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Movano Company Profile

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.