ReWalk Robotics slides after doubling in prior session

Lifeward

22/09/2021 11:28

** Shares of ReWalk Robotics  RWLK.O  drop 19% to $2.10
premarket after surging 99% in value in the previous session
    ** Several users on Reddit's r/wallstreetbets and
r/Shortqueeze discussed their shares and option strategies for
RWLK
    ** RWLK surged from $1.30 to $2.59 in Tuesday's session on
no apparent news, with 320 mln shares changing hands vs. its
10-DMA volume of 371k
    ** The company, which makes exoskeletons that help disabled
people walk again, posted Q2 loss per share of 7 cents on a
revenue of $1.4 mln on Aug. 9
    ** Short interest in RWLK was estimated to be 7.6% by Ortex,
but utilization was 99%, indicating most shares offered for
lending are borrowed
    ** Stock turned positive on the year on Tuesday, taking YTD
gains to 96% 

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))