MYO Stock: Short Interest in Myomo Inc Drops By 3.3%

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Myomo Inc (NYSEAMERICAN:MYO) was the target of a large drop in short interest in the month of January. As of January 12th, there was short interest totalling 706,077 shares, a drop of 3.3% from the December 29th total of 729,810 shares. Currently, 8.5% of the company’s stock are sold short. Based on an average daily trading volume, of 501,086 shares, the days-to-cover ratio is currently 1.4 days.

Shares of Myomo (NYSEAMERICAN:MYO) opened at $4.93 on Friday. The company has a market capitalization of $21.56 and a PE ratio of -0.92. Myomo has a twelve month low of $2.07 and a twelve month high of $23.20.

Myomo (NYSEAMERICAN:MYO) last announced its earnings results on Monday, November 6th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.09. Myomo had a negative return on equity of 155.42% and a negative net margin of 257.70%.

Separately, HC Wainwright reiterated a “buy” rating on shares of Myomo in a report on Monday, October 2nd.

About Myomo

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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