TranS1 Jumps 63% (TSON)

Shares of TranS1 Inc. TSON are screaming higher today, currently up by 62.91% and trading at $3.34. There does not appear to be any news out on the company today, but stock volume is running extremely high. Within the first two hours of trading, 2 million shares have trade, which is 77x the 10-day daily average volume. Note that TSON only has 1.52% short interest, which means that today's move is largely new, long money. TranS1 Inc. is a medical device company focused on designing, developing and marketing products that implement its minimally invasive surgical approach to treat degenerative disc disease and instability affecting the lower lumbar region of the spine.