Tenon Medical, Inc. (NASDAQ:TNONW) Short Interest Up 357.6% in June

Tenon Medical, Inc. (NASDAQ:TNONW) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 9,422 shares, an increase of 357.6% from the June 15th total of 2,059 shares. Based on an average daily volume of 75,689 shares, the days-to-cover ratio is presently 0.1 days.

Tenon Medical Stock Performance

Shares of TNONW stock remained flat at $0.01 during trading on Friday. 7,635 shares of the company were exchanged, compared to its average volume of 37,808. Tenon Medical has a 52-week low of $0.01 and a 52-week high of $0.03. The company has a fifty day simple moving average of $0.01 and a 200-day simple moving average of $0.01.

About Tenon Medical

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. Tenon Medical, Inc was incorporated in 2012 and is headquartered in Los Gatos, California.