Tenon Medical, Inc. (NASDAQ:TNONW) Sees Large Growth in Short Interest

Tenon Medical, Inc. (NASDAQ:TNONW) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 18,551 shares, an increase of 108.0% from the July 15th total of 8,919 shares. Based on an average daily trading volume, of 26,099 shares, the days-to-cover ratio is currently 0.7 days.

Tenon Medical Stock Performance

Tenon Medical stock opened at $0.01 on Monday. The stock has a fifty day moving average price of $0.01 and a two-hundred day moving average price of $0.01. Tenon Medical has a 52-week low of $0.00 and a 52-week high of $0.03.

About Tenon Medical

Tenon Medical, Inc, a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as stabilizes and transfixes the SI joints. Tenon Medical, Inc was incorporated in 2012 and is headquartered in Los Gatos, California.