Transenterix Inc (NYSE:TRXC) was the recipient of a large drop in short interest in September. As of September 29th, there was short interest totalling 7,724,447 shares, a drop of 9.6% from the September 15th total of 8,540,542 shares. Based on an average daily volume of 1,694,087 shares, the days-to-cover ratio is presently 4.6 days. Currently, 8.0% of the shares of the stock are sold short.

Shares of Transenterix (NYSE TRXC) opened at 1.49 on Wednesday. Transenterix has a 52-week low of $0.45 and a 52-week high of $2.33. The company’s 50-day moving average price is $1.21 and its 200-day moving average price is $0.86. The stock’s market cap is $221.32 million.

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About Transenterix

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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