Monogram Orthopaedics, Inc. (NASDAQ:MGRM) Short Interest Up 152.6% in March

Monogram Orthopaedics, Inc. (NASDAQ:MGRM) saw a significant increase in short interest during the month of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Monogram Orthopaedics

A hedge fund recently bought a new stake in Monogram Orthopaedics stock. Geode Capital Management LLC acquired a new position in shares of Monogram Orthopaedics, Inc. (NASDAQ:MGRM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,719 shares of the company’s stock, valued at approximately $51,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.

Monogram Orthopaedics Trading Up 5.6 %

MGRM traded up $0.13 during midday trading on Thursday, hitting $2.44. 54,266 shares of the company were exchanged, compared to its average volume of 42,542. Monogram Orthopaedics has a 1-year low of $1.53 and a 1-year high of $48.99. The company’s 50 day simple moving average is $2.81 and its 200 day simple moving average is $2.99. The firm has a market capitalization of $77.18 million and a price-to-earnings ratio of -3.09.

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.