Wellgistics Health, Inc. (NASDAQ:WGRX) Sees Large Increase in Short Interest

Wellgistics Health, Inc. (NASDAQ:WGRX) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 1,962,253 shares, a growth of 47.7% from the February 12th total of 1,328,141 shares. Based on an average daily trading volume, of 2,285,589 shares, the short-interest ratio is presently 0.9 days. Currently, 3.9% of the company’s stock are sold short. Currently, 3.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,285,589 shares, the short-interest ratio is presently 0.9 days.

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, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Wellgistics Health Price Performance

Shares of NASDAQ WGRX opened at $0.16 on Monday. Wellgistics Health has a fifty-two week low of $0.16 and a fifty-two week high of $7.04. The stock has a market cap of $14.66 million and a price-to-earnings ratio of -0.14. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.16 and a current ratio of 0.39. The firm’s 50-day simple moving average is $0.31 and its 200 day simple moving average is $0.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in Wellgistics Health during the third quarter worth $89,000. Heights Capital Management Inc. purchased a new stake in Wellgistics Health in the 3rd quarter valued at $2,588,000. XTX Topco Ltd lifted its stake in Wellgistics Health by 195.1% during the 4th quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock valued at $42,000 after acquiring an additional 70,137 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Wellgistics Health by 81.0% during the 4th quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after acquiring an additional 218,170 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings 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 acquiring an additional 50,000 shares during the last quarter.

Wellgistics Health Company Profile

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.