Movano Inc. (NASDAQ:MOVE) Short Interest Update

Movano Inc. (NASDAQ:MOVE) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 32,300 shares, a decline of 74.8% from the October 31st total of 128,300 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 25,600 shares, the short-interest ratio is currently 1.3 days.

Analyst Ratings Changes

Separately, Benchmark reiterated a “speculative buy” rating and set a $30.00 target price on shares of Movano in a research report on Wednesday, September 4th.

Institutional Investors Weigh In On Movano

Several large investors have recently made changes to their positions in the company. Quantum Private Wealth LLC grew its holdings in Movano by 113.8% during the 2nd quarter. Quantum Private Wealth LLC now owns 89,139 shares of the technology company’s stock valued at $25,000 after buying an additional 47,441 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Movano in the third quarter worth $55,000. Geode Capital Management LLC raised its stake in Movano by 22.2% during the third quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock valued at $275,000 after purchasing an additional 139,420 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in Movano by 50.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,630,084 shares of the technology company’s stock valued at $1,548,000 after purchasing an additional 1,876,000 shares during the last quarter. 16.64% of the stock is owned by institutional investors.

Movano Trading Up 49.7 %

Shares of NASDAQ:MOVE traded up $1.79 during midday trading on Wednesday, reaching $5.39. 705,717 shares of the company were exchanged, compared to its average volume of 19,930. The business’s fifty day moving average is $4.52 and its two-hundred day moving average is $5.12. Movano has a one year low of $2.80 and a one year high of $14.40. The stock has a market cap of $35.74 million, a PE ratio of -1.04 and a beta of 0.18.

Movano Company Profile

Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.