Rewalk Robotics Ltd (RWLK) Short Interest Up 268.7% in January

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Rewalk Robotics Ltd (NASDAQ:RWLK) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 3,085,575 shares, an increase of 268.7% from the January 15th total of 836,993 shares. Based on an average daily volume of 12,320,421 shares, the short-interest ratio is presently 0.3 days. Currently, 6.7% of the shares of the company are short sold.

Shares of NASDAQ RWLK traded down $0.01 during trading hours on Monday, hitting $0.27. 3,256,219 shares of the stock were exchanged, compared to its average volume of 8,749,240. The firm has a market capitalization of $9.91 million, a price-to-earnings ratio of -0.46 and a beta of 1.88. Rewalk Robotics has a 1-year low of $0.16 and a 1-year high of $1.35.

Rewalk Robotics (NASDAQ:RWLK) last posted its quarterly earnings results on Friday, February 8th. The medical device company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. The business had revenue of $1.58 million for the quarter. Rewalk Robotics had a negative net margin of 331.18% and a negative return on equity of 3,654.32%.

A number of brokerages have issued reports on RWLK. Zacks Investment Research lowered shares of Rewalk Robotics from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. ValuEngine upgraded shares of Rewalk Robotics from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.56.

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About Rewalk Robotics

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes exoskeletons for wheelchair-bound individuals with mobility impairments or other medical conditions. The company offers ReWalk Personal for everyday use to paraplegic individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy used in hospitals and rehabilitation centers in the United States and Europe.

Further Reading: Return on Equity (ROE)

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