Tenon Medical, Inc. (NASDAQ:TNONW) Short Interest Up 76.5% in April

Tenon Medical, Inc. (NASDAQ:TNONW) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 6,000 shares, a growth of 76.5% from the March 31st total of 3,400 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 1.2 days.

Tenon Medical Stock Performance

Shares of TNONW stock opened at $0.09 on Friday. The firm’s 50 day moving average is $0.05 and its 200 day moving average is $0.05. Tenon Medical has a 12 month low of $0.01 and a 12 month high of $0.22.

Tenon Medical Company Profile

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.