Monogram Orthopaedics, Inc. (NASDAQ:MGRM) Short Interest Update

Monogram Orthopaedics, Inc. (NASDAQ:MGRM) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 14,400 shares, an increase of 152.6% from the February 29th total of 5,700 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 43,700 shares, the short-interest ratio is currently 0.3 days.

Monogram Orthopaedics Trading Up 5.6 %

Shares of MGRM stock traded up $0.13 during trading hours on Thursday, hitting $2.44. 54,266 shares of the company were exchanged, compared to its average volume of 42,542. The company has a market capitalization of $77.18 million and a PE ratio of -3.09. The business has a 50 day moving average of $2.81 and a two-hundred day moving average of $2.99. Monogram Orthopaedics has a 52 week low of $1.53 and a 52 week high of $48.99.

Institutional Investors Weigh In On Monogram Orthopaedics

A hedge fund recently bought a new stake in Monogram Orthopaedics stock. Geode Capital Management LLC purchased a new stake in Monogram Orthopaedics, Inc. (NASDAQ:MGRM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,719 shares of the company’s stock, valued at approximately $51,000. Institutional investors own 0.45% of the company’s stock.

About Monogram Orthopaedics

Monogram Orthopaedics, Inc focuses on developing a product solution architecture to enable mass personalized optimization of orthopedic implants. The company intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation for use in reconstructive joint replacement procedures.