Short Interest in Myomo Inc (MYO) Rises By 93.3%
Myomo Inc (NYSEAMERICAN:MYO) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 405,248 shares, an increase of 93.3% from the October 31st total of 209,617 shares. Currently, 9.1% of the shares of the company are sold short. Based on an average daily volume of 1,080,249 shares, the short-interest ratio is presently 0.4 days.
Separately, HC Wainwright reissued a “buy” rating on shares of Myomo in a research report on Monday, October 2nd.
Myomo (NYSEAMERICAN:MYO) opened at $2.28 on Friday. Myomo has a 12 month low of $2.07 and a 12 month high of $23.20.
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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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