Wellgistics Health, Inc. (NASDAQ:WGRX) Short Interest Up 23.9% in January

Wellgistics Health, Inc. (NASDAQ:WGRX) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 796,832 shares, an increase of 23.9% from the January 15th total of 643,020 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 322,160 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 322,160 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.6% of the company’s shares are short sold.

Institutional Trading of Wellgistics Health

A number of hedge funds have recently modified their holdings of WGRX. ORG Wealth Partners LLC bought a new position in shares of Wellgistics Health during the third quarter worth approximately $89,000. Raymond James Financial Inc. increased its position in Wellgistics Health by 593.8% during the 3rd quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock worth $52,000 after buying an additional 50,000 shares during the period. Heights Capital Management Inc. bought a new position in Wellgistics Health during the 3rd quarter worth $2,588,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Wellgistics Health by 81.0% during the fourth quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after buying an additional 218,170 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellgistics Health in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Wellgistics Health Stock Performance

NASDAQ WGRX opened at $0.28 on Monday. The firm has a market capitalization of $25.02 million and a P/E ratio of -0.24. The company has a current ratio of 0.39, a quick ratio of 0.16 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.70. Wellgistics Health has a 1 year low of $0.27 and a 1 year high of $7.04.

About Wellgistics Health

Founded in 2022, Wellgistics Health is a holding company for various existing and planned strategic businesses centered around pharmaceuticals and healthcare services. As a micro health ecosystem, our portfolio of companies consists of a pharmacy, wholesale operations, and a technology division with a novel platform for hub and clinical services. We are focused on improving the lives of patients while delivering unique solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.