Transenterix Inc (TRXC) Short Interest Down 9.6% in September

Transenterix Inc (NYSE:TRXC) was the recipient of a large decline in short interest during the month of September. As of September 29th, there was short interest totalling 7,724,447 shares, a decline of 9.6% from the September 15th total of 8,540,542 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average trading volume of 1,694,087 shares, the days-to-cover ratio is presently 4.6 days.

Shares of Transenterix (TRXC) opened at 1.46 on Monday. The company’s market capitalization is $216.86 million. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $0.87. Transenterix has a 12-month low of $0.45 and a 12-month high of $2.19.

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Transenterix Company Profile

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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