Transenterix Inc (TRXC) Short Interest Update

Transenterix Inc (NYSEAMERICAN:TRXC) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 17,250,155 shares, an increase of 6.5% from the January 12th total of 16,200,995 shares. Based on an average daily volume of 2,000,529 shares, the short-interest ratio is currently 8.6 days. Approximately 11.7% of the shares of the company are short sold.

In other news, CFO Joseph P. Slattery sold 333,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $2.93, for a total value of $975,690.00. Following the completion of the transaction, the chief financial officer now owns 440,974 shares in the company, valued at approximately $1,292,053.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joseph P. Slattery sold 529,609 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $2.80, for a total transaction of $1,482,905.20. Following the completion of the transaction, the chief financial officer now owns 440,974 shares of the company’s stock, valued at approximately $1,234,727.20. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Transenterix in the 4th quarter valued at about $109,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Transenterix in the 4th quarter valued at about $113,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Transenterix by 87.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,150 shares of the medical instruments supplier’s stock valued at $113,000 after purchasing an additional 37,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Transenterix by 94.0% in the 4th quarter. Bank of New York Mellon Corp now owns 119,584 shares of the medical instruments supplier’s stock valued at $231,000 after purchasing an additional 57,944 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Transenterix by 157.3% in the 4th quarter. BlackRock Inc. now owns 1,760,266 shares of the medical instruments supplier’s stock valued at $3,397,000 after purchasing an additional 1,076,133 shares during the last quarter.

Transenterix (TRXC) traded down $0.04 on Friday, reaching $1.33. 2,281,876 shares of the company’s stock traded hands, compared to its average volume of 2,223,832. The firm has a market cap of $282.92, a PE ratio of -2.21 and a beta of 2.20. Transenterix has a 52-week low of $0.45 and a 52-week high of $5.00.

Transenterix (NYSEAMERICAN:TRXC) last posted its quarterly earnings data on Thursday, November 9th. The medical instruments supplier reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). Transenterix had a negative net margin of 21,045.36% and a negative return on equity of 137.69%.

TRXC has been the subject of a number of recent research reports. Ladenburg Thalmann Financial Services set a $5.00 price objective on shares of Transenterix and gave the company a “buy” rating in a research note on Friday, October 20th. Stifel Nicolaus restated a “buy” rating and issued a $4.00 price objective (up previously from $3.75) on shares of Transenterix in a research note on Monday, October 30th. BTIG Research restated a “hold” rating on shares of Transenterix in a research note on Monday, December 18th. Finally, Zacks Investment Research cut shares of Transenterix from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $2.61.

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About Transenterix

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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