Myomo Inc (NYSE:MYO) was the target of a large drop in short interest during the month of October. As of October 13th, there was short interest totalling 68,045 shares, a drop of 40.4% from the September 29th total of 114,150 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 30,956 shares, the days-to-cover ratio is presently 2.2 days.

Myomo (NYSE MYO) opened at 2.57 on Wednesday. Myomo has a 1-year low of $2.57 and a 1-year high of $23.20. The firm’s market capitalization is $15.64 million. The company has a 50-day moving average of $5.59 and a 200-day moving average of $8.02.

Myomo (NYSE:MYO) last posted its quarterly earnings results on Monday, August 14th. The company reported ($1.06) earnings per share (EPS) for the quarter. The business had revenue of $0.31 million for the quarter. On average, equities analysts predict that Myomo will post ($5.54) earnings per share for the current year.

Separately, HC Wainwright initiated coverage on shares of Myomo in a research note on Monday, October 2nd. They issued a “buy” rating and a $12.00 target price on the stock.

An institutional investor recently bought a new position in Myomo stock. Susquehanna International Group LLP purchased a new position in shares of Myomo Inc (NYSE:MYO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,207 shares of the company’s stock, valued at approximately $187,000. Susquehanna International Group LLP owned approximately 1.53% of Myomo at the end of the most recent quarter.

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Myomo Company Profile

Myomo, Inc is a United States-based medical device company specializing in myoelectric orthotics for people with neurological disorders. The Company’s products help to restore function in individuals with neuromuscular conditions, such as brachial plexus injury, spinal cord injury, multiple sclerosis and stroke.

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