Transenterix Inc (NYSEAMERICAN:TRXC) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 14,893,810 shares, a growth of 7.4% from the November 15th total of 13,862,996 shares. Based on an average daily volume of 3,705,307 shares, the days-to-cover ratio is presently 4.0 days. Currently, 10.2% of the shares of the stock are sold short.
In other news, insider Todd Pope sold 600,000 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $3.68, for a total transaction of $2,208,000.00. Following the sale, the insider now owns 462,644 shares in the company, valued at approximately $1,702,529.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Joseph P. Slattery sold 333,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $2.93, for a total transaction of $975,690.00. Following the sale, the chief financial officer now owns 440,974 shares in the company, valued at approximately $1,292,053.82. The disclosure for this sale can be found here. Insiders sold a total of 1,462,609 shares of company stock worth $4,666,595 over the last quarter.
A hedge fund recently raised its stake in Transenterix stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Transenterix Inc (NYSEAMERICAN:TRXC) by 87.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,150 shares of the medical instruments supplier’s stock after acquiring an additional 37,000 shares during the period. Ladenburg Thalmann Financial Services Inc. owned 0.05% of Transenterix worth $113,000 at the end of the most recent reporting period.
Transenterix (TRXC) opened at $2.11 on Thursday. Transenterix has a 52-week low of $0.45 and a 52-week high of $5.00.
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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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