KindlyMD, Inc. (NASDAQ:NAKA) Short Interest Update

KindlyMD, Inc. (NASDAQ:NAKA) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 17,793,290 shares, a decrease of 14.0% from the February 26th total of 20,681,566 shares. Approximately 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,244,666 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Investors Weigh In On KindlyMD

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of KindlyMD by 76.2% during the 2nd quarter. Geode Capital Management LLC now owns 19,394 shares of the company’s stock worth $484,000 after purchasing an additional 8,386 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in KindlyMD in the second quarter valued at $215,000. Vontobel Holding Ltd. acquired a new stake in KindlyMD in the third quarter valued at $335,000. Dynamic Technology Lab Private Ltd purchased a new stake in KindlyMD during the 3rd quarter worth about $369,000. Finally, Tower Research Capital LLC TRC lifted its holdings in KindlyMD by 1,638.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 33,152 shares of the company’s stock worth $827,000 after buying an additional 31,245 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of KindlyMD in a research note on Friday. B. Riley Financial reduced their price objective on KindlyMD from $1.00 to $0.50 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.25.

KindlyMD Price Performance

Shares of KindlyMD stock traded up $0.01 on Wednesday, reaching $0.23. 1,441,215 shares of the company were exchanged, compared to its average volume of 5,218,051. The stock’s 50 day moving average price is $0.28 and its 200-day moving average price is $0.55. KindlyMD has a 1-year low of $0.21 and a 1-year high of $34.77. The company has a market cap of $101.52 million, a P/E ratio of -0.27 and a beta of 31.40.

KindlyMD Company Profile

Kindly MD, Inc (“KindlyMD” or “Kindly”) is a Utah company formed in 2019. KindlyMD is a healthcare data company, focused on holistic pain management and reducing the impact of the opioid epidemic. KindlyMD offers direct health care to patients integrating prescription medicine and behavioral health services to reduce opioid use in the chronic pain patient population. Kindly believes these methods will help prevent and reduce addiction and dependency on opiates. Our specialty outpatient clinical services are offered on a fee-for-service basis.