Short Interest in Transenterix Inc (TRXC) Rises By 16.2%

Transenterix Inc (NYSE:TRXC) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,857,271 shares, an increase of 16.2% from the October 13th total of 8,480,583 shares. Based on an average daily volume of 34,701,062 shares, the days-to-cover ratio is currently 0.3 days. Currently, 10.2% of the shares of the stock are short sold.

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

Transenterix (NYSE TRXC) opened at $2.88 on Friday. Transenterix has a 1-year low of $0.45 and a 1-year high of $5.00.

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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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