Transenterix Inc (NYSE:TRXC) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 7,584,313 shares, a growth of 4.1% from the July 14th total of 7,286,423 shares. Approximately 7.8% of the company’s stock are short sold. Based on an average daily volume of 753,393 shares, the days-to-cover ratio is currently 10.1 days.
Shares of Transenterix (TRXC) opened at 0.6988 on Friday. The company’s 50-day moving average price is $0.70 and its 200 day moving average price is $0.92. Transenterix has a one year low of $0.45 and a one year high of $2.33. The company’s market cap is $103.80 million.
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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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