Eargo, Inc. (NASDAQ:EAR) Short Interest Update

Eargo, Inc. (NASDAQ:EARGet Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 42,100 shares, a growth of 1,102.9% from the January 15th total of 3,500 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Eargo

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Eargo by 17.6% during the 1st quarter. Bank of New York Mellon Corp now owns 95,302 shares of the company’s stock worth $505,000 after buying an additional 14,262 shares during the period. Rhumbline Advisers increased its holdings in shares of Eargo by 45.8% in the 1st quarter. Rhumbline Advisers now owns 28,172 shares of the company’s stock valued at $149,000 after purchasing an additional 8,855 shares during the period. BlackRock Inc. increased its holdings in shares of Eargo by 9.2% in the 1st quarter. BlackRock Inc. now owns 1,915,376 shares of the company’s stock valued at $10,133,000 after purchasing an additional 161,963 shares during the period. Ergoteles LLC acquired a new position in shares of Eargo in the 1st quarter valued at about $134,000. Finally, Gabelli Funds LLC increased its holdings in shares of Eargo by 143.7% in the 1st quarter. Gabelli Funds LLC now owns 48,737 shares of the company’s stock valued at $258,000 after purchasing an additional 28,737 shares during the period. 80.53% of the stock is owned by institutional investors and hedge funds.

Eargo Trading Up 1.1 %

Shares of NASDAQ EAR opened at $2.66 on Tuesday. Eargo has a twelve month low of $1.47 and a twelve month high of $10.09. The company has a market capitalization of $55.22 million, a price-to-earnings ratio of -0.35 and a beta of 1.50. The firm has a 50-day moving average of $2.62 and a two-hundred day moving average of $2.61.

About Eargo

(Get Free Report)

Eargo, Inc, a medical device company, engages in enhancing the quality of life of people with hearing loss in the United States. It markets and sells hearing aids. The company sells its products direct-to-consumer and through omni-channel. The company was formerly known as Aria Innovations, Inc and changed its name to Eargo, Inc in November 2014.

Further Reading

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