Short Interest in ReWalk Robotics Ltd. (NASDAQ:LFWD) Expands By 21.4%

ReWalk Robotics Ltd. (NASDAQ:LFWD) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 222,600 shares, an increase of 21.4% from the December 15th total of 183,400 shares. Based on an average daily volume of 214,800 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.0% of the shares of the stock are sold short.

Insider Activity at ReWalk Robotics

In related news, Director Michael Swinford acquired 16,907 shares of ReWalk Robotics stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $1.83 per share, with a total value of $30,939.81. Following the completion of the purchase, the director now directly owns 43,418 shares of the company’s stock, valued at $79,454.94. The trade was a 63.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Global Fund Lp Lind II sold 381,676 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $3.36, for a total value of $1,282,431.36. Following the sale, the insider now owns 1,049,430 shares in the company, valued at approximately $3,526,084.80. This trade represents a 26.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 61,000 shares of company stock valued at $115,279 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of ReWalk Robotics

An institutional investor recently bought a new position in ReWalk Robotics stock. Dimensional Fund Advisors LP purchased a new position in ReWalk Robotics Ltd. (NASDAQ:LFWD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned about 0.16% of ReWalk Robotics at the end of the most recent quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $13.00 price objective on shares of ReWalk Robotics in a research report on Wednesday, November 13th.

ReWalk Robotics Price Performance

ReWalk Robotics stock opened at $1.64 on Friday. ReWalk Robotics has a 1-year low of $1.41 and a 1-year high of $7.84. The company’s 50-day moving average is $1.88 and its 200 day moving average is $2.79.

ReWalk Robotics (NASDAQ:LFWD) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.08). ReWalk Robotics had a negative return on equity of 43.02% and a negative net margin of 77.21%. The business had revenue of $6.13 million during the quarter, compared to analysts’ expectations of $8.38 million. During the same quarter in the previous year, the company posted ($0.56) earnings per share. On average, equities research analysts anticipate that ReWalk Robotics will post -1.78 EPS for the current year.

ReWalk Robotics Company Profile

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes technologies that enable mobility and wellness in rehabilitation and daily life for individuals with physical and neurological conditions in the United States, Europe, the Asia-Pacific, and internationally. It offers ReWalk personal exoskeleton and rehabilitation exoskeleton devices; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke; AlterG Anti-Gravity System for use in physical and neurological rehabilitation and athletic training; MyoCycle devices; and ReBoot, a personal soft exo-suit for home and community use by individuals post-stroke.