Short Interest in Transenterix Inc (TRXC) Rises By 9.8%

Transenterix Inc (NYSE:TRXC) saw a significant increase in short interest in the month of October. As of October 13th, there was short interest totalling 8,480,583 shares, an increase of 9.8% from the September 29th total of 7,724,447 shares. Based on an average daily trading volume, of 1,752,009 shares, the short-interest ratio is currently 4.8 days. Currently, 8.8% of the company’s shares are sold short.

Transenterix (NYSE:TRXC) traded down $0.01 during trading on Friday, hitting $2.88. The stock had a trading volume of 10,342,385 shares, compared to its average volume of 15,870,000. Transenterix has a 52-week low of $0.45 and a 52-week high of $5.00.

Separately, Stifel Nicolaus increased their price target on Transenterix from $3.75 to $4.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st.

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Transenterix Company Profile

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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