Movano Inc. (NASDAQ:MOVE) Short Interest Down 39.6% in December

Movano Inc. (NASDAQ:MOVE) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 42,800 shares, a decrease of 39.6% from the November 30th total of 70,900 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 49,700 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Movano

Institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd purchased a new stake in Movano during the third quarter valued at approximately $55,000. Geode Capital Management LLC grew its holdings in shares of Movano by 22.2% during the third quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock valued at $275,000 after buying an additional 139,420 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Movano by 50.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,630,084 shares of the technology company’s stock worth $1,548,000 after acquiring an additional 1,876,000 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.

Movano Stock Up 1.1 %

Movano stock opened at $5.72 on Friday. The firm has a market cap of $37.95 million, a P/E ratio of -1.12 and a beta of 0.53. Movano has a twelve month low of $2.80 and a twelve month high of $12.75. The business has a fifty day moving average of $4.74 and a two-hundred day moving average of $5.08.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “speculative buy” rating and issued a $30.00 price objective on shares of Movano in a research note on Wednesday, September 4th.

Movano Company Profile

Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.