Investing in Motus GI Holdings Inc (MOTS): What You Must Know

Ladenburg Thalmann downgraded its Motus GI Holdings Inc [MOTS] rating to a Neutral from a a Buy in a research note published recently.

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Price Performance Review of MOTS

On Tuesday, Motus GI Holdings Inc [NASDAQ:MOTS] saw its stock fall -25.72% to $0.71. Over the last five days, the stock has lost -31.07%. Motus GI Holdings Inc shares have fallen nearly -44.31% since the year began. Nevertheless, the stocks have fallen -95.31% over the past one year. While a 52-week high of $23.40 was reached on 01/11/24, a 52-week low of $0.89 was recorded on 01/30/24. SMA at 50 days reached $2.4358, while 200 days put it at $7.3718. A total of 12.92 million shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For MOTS Stock

The 24-hour chart illustrates a support level at 0.5468, which if violated will result in even more drops to 0.3836. On the upside, there is a resistance level at 0.9866. A further resistance level may holdings at 1.2632. The Relative Strength Index (RSI) on the 14-day chart is 24.58, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1838, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.97%. Stochastics %K at 9.40% indicates the stock is a buying.

How much short interest is there in Motus GI Holdings Inc?

A steep rise in short interest was recorded in Motus GI Holdings Inc stocks on Jan 11, 2024, dropping by 32830.0 shares to a total of 37240.0 shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 70070.0 shares. There was a decline of -88.16%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.13.

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