Myomo Inc (NYSEAMERICAN:MYO) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 209,617 shares, an increase of 208.1% from the October 13th total of 68,045 shares. Based on an average daily volume of 74,202 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.7% of the company’s shares are sold short.
Separately, HC Wainwright reissued a “buy” rating on shares of Myomo in a research note on Monday, October 2nd.
Shares of Myomo (NYSEAMERICAN:MYO) opened at $5.09 on Thursday. Myomo has a 52 week low of $2.53 and a 52 week high of $23.20.
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Myomo, Inc is a United States-based medical device company specializing in myoelectric orthotics for people with neurological disorders. The Company’s products help to restore function in individuals with neuromuscular conditions, such as brachial plexus injury, spinal cord injury, multiple sclerosis and stroke.
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