Movano Inc. (NASDAQ:MOVE) Short Interest Down 61.2% in March

Movano Inc. (NASDAQ:MOVE) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 20,000 shares, a decline of 61.2% from the February 28th total of 51,600 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 16,600 shares, the short-interest ratio is presently 1.2 days.

Movano Stock Performance

MOVE traded down $0.04 during trading on Friday, reaching $1.97. The stock had a trading volume of 5,065 shares, compared to its average volume of 25,237. The business has a 50-day moving average of $4.14 and a 200-day moving average of $4.73. Movano has a one year low of $1.92 and a one year high of $8.85. The stock has a market cap of $13.07 million, a PE ratio of -0.39 and a beta of 0.54.

Hedge Funds Weigh In On Movano

A number of large investors have recently modified their holdings of MOVE. Clayton Partners LLC purchased a new stake in Movano in the fourth quarter worth approximately $609,000. Geode Capital Management LLC lifted its holdings in shares of Movano by 22.2% in the 3rd quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock worth $275,000 after acquiring an additional 139,420 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Movano in the 3rd quarter valued at $55,000. 16.64% of the stock is owned by hedge funds and other institutional investors.

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.