Transenterix Inc (TRXC) Sees Large Growth in Short Interest

Transenterix Inc (NYSE:TRXC) was the recipient of a significant growth in short interest during the month of July. As of July 14th, there was short interest totalling 7,286,423 shares, a growth of 5.8% from the June 30th total of 6,885,103 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 968,045 shares, the days-to-cover ratio is presently 7.5 days.

Shares of Transenterix (NYSE TRXC) traded up 3.3286% during mid-day trading on Tuesday, reaching $0.7233. 698,352 shares of the company’s stock traded hands. Transenterix has a 12 month low of $0.45 and a 12 month high of $2.33. The firm has a 50 day moving average price of $0.65 and a 200-day moving average price of $0.99. The stock’s market cap is $107.43 million.

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About Transenterix

TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.

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