Short Interest in Hyperfine, Inc. (NASDAQ:HYPR) Drops By 15.3%

02 May 2026, 15:19 by Doug Wharley · The Cerbat Gem

Hyperfine, Inc. (NASDAQ:HYPR – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,145,426 shares, a decrease of 15.3% from the March 31st total of 1,351,638 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 292,116 shares, the days-to-cover ratio is presently 3.9 days.

Insider Buying and Selling at Hyperfine

In other news, COO Thomas Teisseyre sold 24,188 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $1.21, for a total transaction of $29,267.48. Following the transaction, the chief operating officer directly owned 354,648 shares of the company’s stock, valued at $429,124.08. This represents a 6.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett Hale sold 24,188 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $1.21, for a total value of $29,267.48. Following the completion of the sale, the chief financial officer owned 275,812 shares of the company’s stock, valued at $333,732.52. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 26.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyperfine

A number of large investors have recently bought and sold shares of the business. State Street Corp raised its stake in Hyperfine by 6.1% in the fourth quarter. State Street Corp now owns 265,195 shares of the company’s stock worth $260,000 after buying an additional 15,200 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Hyperfine by 130.9% in the fourth quarter. Sanctuary Advisors LLC now owns 39,938 shares of the company’s stock worth $39,000 after buying an additional 22,638 shares in the last quarter. XTX Topco Ltd raised its stake in Hyperfine by 47.9% in the fourth quarter. XTX Topco Ltd now owns 80,735 shares of the company’s stock worth $79,000 after buying an additional 26,165 shares in the last quarter. Tortoise Investment Management LLC raised its stake in Hyperfine by 60.0% in the fourth quarter. Tortoise Investment Management LLC now owns 72,000 shares of the company’s stock worth $71,000 after buying an additional 27,000 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Hyperfine in the fourth quarter worth approximately $34,000. Institutional investors own 15.03% of the company’s stock.

Analyst Ratings Changes

HYPR has been the subject of several research analyst reports. Zacks Research upgraded Hyperfine to a “hold” rating in a research report on Thursday, March 19th. BTIG Research assumed coverage on Hyperfine in a research report on Wednesday. They set a “buy” rating and a $2.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Hyperfine in a research report on Tuesday, April 21st. Finally, Lake Street Capital raised their price objective on Hyperfine from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Thursday, March 19th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1.59.

Get Our Latest Report on Hyperfine

Hyperfine Stock Up 12.7%

HYPR traded up $0.21 on Friday, hitting $1.87. The company had a trading volume of 2,143,716 shares, compared to its average volume of 552,741. The company has a market cap of $183.19 million, a PE ratio of -4.25 and a beta of 1.41. Hyperfine has a 12-month low of $0.53 and a 12-month high of $2.22. The business’s fifty day simple moving average is $1.19 and its 200 day simple moving average is $1.15.

Hyperfine (NASDAQ:HYPR – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $5.29 million during the quarter, compared to analyst estimates of $5.30 million. Hyperfine had a negative return on equity of 95.09% and a negative net margin of 262.29%. On average, analysts anticipate that Hyperfine will post -0.34 earnings per share for the current fiscal year.

Hyperfine Company Profile

(Get Free Report)

Hyperfine, Inc (NASDAQ: HYPR) is a medical technology company focused on expanding access to advanced neuroimaging through its portable magnetic resonance imaging (MRI) system. The company’s flagship product, Swoop®, is designed to enable bedside MRI scanning in a wide range of clinical environments, including emergency departments, intensive care units and outpatient clinics. By leveraging a compact, high-performance permanent magnet and a custom-designed gradient system, Hyperfine aims to reduce the logistical and financial barriers associated with traditional, large-scale MRI installations.