Follow The Short Interest: Is Transenterix $ (NYSEMKT:TRXC)’s Fuel Running High? Reports Show Less Sellers

November 18, 2016 - By Marguerite Chambers   ·   0 Comments

Follow The Short Interest: Is Transenterix $ (NYSEMKT:TRXC)’s Fuel Running High? Reports Show Less Sellers

The stock of Transenterix $ (NYSEMKT:TRXC) registered a decrease of 2.19% in short interest. TRXC’s total short interest was 6.45 million shares in November as published by FINRA. Its down 2.19% from 6.60M shares, reported previously. With 469,700 shares average volume, it will take short sellers 14 days to cover their TRXC’s short positions. The short interest to Transenterix $’s float is 6.8%. The stock closed at $1.65 during the last session. It is down 65.63% since April 18, 2016 and is downtrending. It has underperformed by 70.06% the S&P500.

TransEnterix, Inc. is a medical device company. The company has a market cap of $192.18 million. The Firm is focused on the development and commercialization of ALF-X Surgical Robotic System , and SurgiBot System. It currently has negative earnings. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.

Insitutional Activity: The institutional sentiment decreased to 0.69 in Q2 2016. Its down 0.91, from 1.6 in 2016Q1. The ratio dived, as 12 funds sold all Transenterix Inc shares owned while 18 reduced positions. 15 funds bought stakes while 33 increased positions. They now own 39.07 million shares or 4.05% more from 37.55 million shares in 2016Q1.
California State Teachers Retirement Sys holds 0% of its portfolio in Transenterix Inc (NYSEMKT:TRXC) for 145,919 shares. Bridgeway Mngmt holds 0% of its portfolio in Transenterix Inc (NYSEMKT:TRXC) for 75,000 shares. Comerica Retail Bank last reported 14,000 shares in the company. Barclays Public holds 7,076 shares or 0% of its portfolio. Schwab Charles Invest Management Incorporated holds 0% of its portfolio in Transenterix Inc (NYSEMKT:TRXC) for 143,700 shares. Next Financial Grp reported 1,000 shares or 0% of all its holdings. The Delaware-based Blackrock Advsrs Limited Liability Corp has invested 0% in Transenterix Inc (NYSEMKT:TRXC). Cam Grp Inc Hldg A S has 150,000 shares for 0% of their US portfolio. Focused Wealth Mgmt Inc holds 0% of its portfolio in Transenterix Inc (NYSEMKT:TRXC) for 1,000 shares. Jpmorgan Chase Co, a New York-based fund reported 4.23 million shares. Susquehanna Intl Limited Liability Partnership, a Pennsylvania-based fund reported 176,998 shares. Kcg Inc holds 19,999 shares or 0% of its portfolio. Teachers accumulated 106,250 shares or 0% of the stock. Raymond James Fincl Svcs Advsrs Inc has invested 0% of its portfolio in Transenterix Inc (NYSEMKT:TRXC). Geode Mgmt Lc reported 465,270 shares or 0% of all its holdings.

Insider Transactions: Since June 14, 2016, the stock had 2 insider buys, and 0 sales for $95,260 net activity. Fernando Anthony C. J. bought $39,420 worth of stock or 27,000 shares. $55,840 worth of Transenterix Inc (NYSEMKT:TRXC) was bought by Biffi Andrea on Monday, August 22.

TRXC Company Profile

TransEnterix, Inc., incorporated in August 19, 1988, is a medical device company. The Firm is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), a multi-port robotic system, and SurgiBot System, a single-port, laparoscopic surgical platform. The Firm also develops and makes laparoscopic surgical instruments that are used in abdominal surgery, such as scissors, graspers, clip appliers, and suction and irrigation instruments.

More notable recent Transenterix Inc (NYSEMKT:TRXC) news were published by: Businesswire.com which released: “TransEnterix to Feature Senhanceâ„¢ Surgical Robot at American Association of …” on November 14, 2016, also Fool.com with their article: “Better Robotic Surgery Buy: TransEnterix, Inc. vs. Johnson & Johnson” published on November 01, 2016, Businesswire.com published: “TransEnterix, Inc. Reports Operating Results for the Third Quarter 2016” on November 09, 2016. More interesting news about Transenterix Inc (NYSEMKT:TRXC) were released by: Fool.com and their article: “Forget TransEnterix Inc: This is The Company That Intuitive Surgical Investors …” published on June 18, 2016 as well as Fool.com‘s news article titled: “How Risky Is TransEnterix, Inc.?” with publication date: August 11, 2016.

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By Marguerite Chambers


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