Transenterix Inc (TRXC) Short Interest Update

Transenterix Inc (NYSEAMERICAN:TRXC) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 9,857,271 shares, a growth of 16.2% from the October 13th total of 8,480,583 shares. Based on an average daily volume of 34,701,062 shares, the days-to-cover ratio is currently 0.3 days. Approximately 10.2% of the shares of the company are short sold.

In other Transenterix news, insider Todd Pope sold 600,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 462,644 shares in the company, valued at $1,702,529.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Transenterix (NYSEAMERICAN:TRXC) opened at $3.19 on Tuesday. Transenterix has a one year low of $0.45 and a one year high of $5.00.

A number of equities analysts have recently commented on TRXC shares. Ladenburg Thalmann Financial Services set a $5.00 price objective on shares of Transenterix and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Transenterix from a “buy” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $4.00 price objective (up from $3.75) on shares of Transenterix in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average 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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