Short Interest in OneMedNet Corporation (NASDAQ:ONMD) Rises By 65.8%

OneMedNet Corporation (NASDAQ:ONMD) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 224,270 shares, a growth of 65.8% from the January 15th total of 135,229 shares. Based on an average trading volume of 313,084 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 313,084 shares, the days-to-cover ratio is presently 0.7 days.

Insiders Place Their Bets

In other OneMedNet news, CEO Aaron Green sold 61,555 shares of OneMedNet stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $1.20, for a total transaction of $73,866.00. Following the transaction, the chief executive officer owned 1,804,103 shares of the company’s stock, valued at $2,164,923.60. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 46.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ONMD. Correct Capital Wealth Management acquired a new stake in shares of OneMedNet in the 3rd quarter valued at $4,910,000. Exencial Wealth Advisors LLC increased its position in OneMedNet by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock worth $4,009,000 after buying an additional 45,401 shares during the last quarter. State Street Corp raised its holdings in OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after buying an additional 34,200 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of OneMedNet in the fourth quarter worth about $119,000. Finally, HRT Financial LP acquired a new stake in shares of OneMedNet in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, OneMedNet has an average rating of “Sell”.

OneMedNet Price Performance

ONMD opened at $0.65 on Monday. The company has a market capitalization of $32.95 million, a PE ratio of -12.92 and a beta of 1.14. OneMedNet has a fifty-two week low of $0.30 and a fifty-two week high of $4.22. The business has a 50-day moving average of $1.09 and a 200-day moving average of $1.27.

OneMedNet (NASDAQ:ONMD) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The company had revenue of $0.18 million during the quarter.

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. OneMedNet Corporation is based in Eden Prairie, Minnesota.