Myomo Inc (NYSEAMERICAN:MYO) was the recipient of a significant decrease in short interest during the month of January. As of January 12th, there was short interest totalling 706,077 shares, a decrease of 3.3% from the December 29th total of 729,810 shares. Based on an average daily trading volume, of 501,086 shares, the days-to-cover ratio is presently 1.4 days. Approximately 8.5% of the shares of the company are short sold.

Myomo (NYSEAMERICAN MYO) opened at $5.28 on Monday. The stock has a market capitalization of $32.25 and a P/E ratio of -0.98. Myomo has a 1 year low of $2.07 and a 1 year high of $23.20.

Myomo (NYSEAMERICAN:MYO) last issued its quarterly earnings results on Monday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. Myomo had a negative return on equity of 155.42% and a negative net margin of 257.70%.

Separately, HC Wainwright restated a “buy” rating on shares of Myomo in a research note on Monday, October 2nd.

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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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