Short Interest in Movano Inc. (NASDAQ:MOVE) Drops By 11.5%

Movano Inc. (NASDAQ:MOVEGet Rating) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 43,300 shares, a decrease of 11.5% from the August 15th total of 48,900 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is currently 2.9 days.

Institutional Investors Weigh In On Movano

Hedge funds have recently added to or reduced their stakes in the business. Mirador Capital Partners LP raised its holdings in Movano by 1.5% in the 1st quarter. Mirador Capital Partners LP now owns 391,713 shares of the technology company’s stock valued at $1,062,000 after acquiring an additional 5,698 shares during the last quarter. Quantum Private Wealth LLC acquired a new stake in Movano in the 2nd quarter valued at approximately $99,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Movano in the 1st quarter valued at approximately $151,000. 17.96% of the stock is owned by hedge funds and other institutional investors.

Movano Trading Up 2.0 %

Shares of MOVE stock opened at $2.99 on Monday. The business’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $2.61. Movano has a 12-month low of $1.64 and a 12-month high of $4.20. The company has a market cap of $98.02 million, a PE ratio of -3.88 and a beta of 0.46.

About Movano

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Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medtech and consumer devices. Its platform uses radiofrequency technology, which enables the creation of sensors that are small enough to fit into wearable devices and other small form factors. The company develops Movano Ring that measures heart rate, heart rate variability, sleep, respiration, temperature, blood oxygen saturation, steps, and calories, as well as incorporates women-centric features and design.

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