Movano Inc. (NASDAQ:MOVE) Short Interest Update

Movano Inc. (NASDAQ:MOVE) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 464,500 shares, a growth of 21.1% from the August 15th total of 383,600 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 246,400 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantum Private Wealth LLC raised its stake in Movano by 113.8% in the second quarter. Quantum Private Wealth LLC now owns 89,139 shares of the technology company’s stock valued at $25,000 after buying an additional 47,441 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Movano during the fourth quarter valued at about $101,000. Mirador Capital Partners LP raised its position in shares of Movano by 9.6% in the 1st quarter. Mirador Capital Partners LP now owns 413,204 shares of the technology company’s stock valued at $170,000 after purchasing an additional 36,230 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted 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 purchasing an additional 1,876,000 shares in the last quarter. 16.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “speculative buy” rating and issued a $2.00 price objective on shares of Movano in a research note on Wednesday, September 4th.

Movano Stock Up 5.1 %

MOVE stock traded up $0.02 during trading on Tuesday, hitting $0.36. 188,405 shares of the company’s stock traded hands, compared to its average volume of 198,712. The firm has a market capitalization of $34.96 million, a P/E ratio of -0.64 and a beta of 0.09. Movano has a 1 year low of $0.24 and a 1 year high of $1.25. The business has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.41.

Movano (NASDAQ:MOVE) last released its quarterly earnings results on Wednesday, August 14th. The technology company reported ($0.06) EPS for the quarter.

About Movano

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.