OneMedNet Co. (NASDAQ:ONMD) Sees Significant Growth in Short Interest

OneMedNet Co. (NASDAQ:ONMD) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 319,400 shares, an increase of 232.4% from the March 31st total of 96,100 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 0.1 days.

OneMedNet Price Performance

Shares of OneMedNet stock opened at $0.57 on Friday. The firm’s 50-day simple moving average is $0.75. OneMedNet has a 1-year low of $0.42 and a 1-year high of $13.51.

Institutional Trading of OneMedNet

A hedge fund recently bought a new stake in OneMedNet stock. PNC Financial Services Group Inc. bought a new stake in shares of OneMedNet Co. (NASDAQ:ONMD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned approximately 0.74% of OneMedNet at the end of the most recent reporting period. Institutional investors own 0.95% of the company’s stock.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.