Myomo Inc (NYSEAMERICAN:MYO) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 405,248 shares, a growth of 93.3% from the October 31st total of 209,617 shares. Approximately 9.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,080,249 shares, the short-interest ratio is presently 0.4 days.
Shares of Myomo (NYSEAMERICAN:MYO) traded down $0.46 during trading on Monday, reaching $3.88. 150,381 shares of the company’s stock traded hands, compared to its average volume of 278,960. Myomo has a twelve month low of $2.53 and a twelve month high of $23.20.
Separately, HC Wainwright restated a “buy” rating on shares of Myomo in a research report on Monday, October 2nd.
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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