Short Interest in Kindly MD, Inc. (NASDAQ:KDLY) Expands By 943.4%

Kindly MD, Inc. (NASDAQ:KDLY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 110,600 shares, a growth of 943.4% from the July 15th total of 10,600 shares. Based on an average daily trading volume, of 94,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 5.8% of the company’s shares are short sold.

Kindly MD Stock Performance

NASDAQ KDLY traded up $0.02 during trading on Monday, reaching $1.60. 28,904 shares of the stock traded hands, compared to its average volume of 86,488. Kindly MD has a fifty-two week low of $1.40 and a fifty-two week high of $4.20. The firm’s 50-day moving average is $2.44.

Kindly MD (NASDAQ:KDLY) last announced its quarterly earnings results on Thursday, June 27th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.83 million for the quarter.

Institutional Investors Weigh In On Kindly MD

A hedge fund recently bought a new stake in Kindly MD stock. Warberg Asset Management LLC acquired a new position in shares of Kindly MD, Inc. (NASDAQ:KDLY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,000 shares of the company’s stock, valued at approximately $30,000. Warberg Asset Management LLC owned approximately 0.19% of Kindly MD as of its most recent SEC filing.

Kindly MD Company Profile

KindlyMD Inc is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, including the recommendation of medical cannabis in patient treatment plans in compliance with a legalized state medical cannabis regulatory scheme.