Transenterix Inc (TRXC) Short Interest Up 9.8% in October
Transenterix Inc (NYSE:TRXC) was the target of a significant growth in short interest during the month of October. As of October 13th, there was short interest totalling 8,480,583 shares, a growth of 9.8% from the September 29th total of 7,724,447 shares. Based on an average daily trading volume, of 1,752,009 shares, the days-to-cover ratio is currently 4.8 days. Currently, 8.8% of the shares of the company are sold short.
Transenterix (NYSE:TRXC) traded up 1.56% during mid-day trading on Tuesday, reaching $3.25. The company’s stock had a trading volume of 10,224,624 shares. Transenterix has a 12-month low of $0.45 and a 12-month high of $5.00. The firm’s market cap is $482.74 million. The company has a 50-day moving average price of $1.69 and a 200-day moving average price of $0.96.
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Transenterix Company Profile
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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