Tenon Medical, Inc. (NASDAQ:TNONW) Shares Shorted: Short Interest Up 122.9% in September

Tenon Medical, Inc. (NASDAQ:TNONW) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 25,817 shares, a growth of 122.9% from the August 31st total of 11,583 shares. Based on an average trading volume of 854,482 shares, the days-to-cover ratio is currently 0.0 days.

Tenon Medical Trading Down 1.2%

TNONW traded down $0.00 during trading on Tuesday, reaching $0.01. The company’s stock had a trading volume of 25,146 shares, compared to its average volume of 143,119. The firm has a fifty day simple moving average of $0.01 and a two-hundred day simple moving average of $0.01. Tenon Medical has a 1 year low of $0.00 and a 1 year high of $0.04.

Tenon Medical Company Profile

Tenon Medical, Inc is a medical device company focused on developing and commercializing products for the treatment of sacroiliac (SI) joint dysfunction. The SI joint connects the lower spine with the pelvis and can be a source of chronic lower-back and pelvic pain. Tenon’s work is centered on minimally invasive surgical solutions intended to stabilize and fuse the joint.

The company’s principal product is the Catamaran SI Joint Fusion System, an implant system designed to support SI joint fusion procedures.