Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Decreases By 66.2%

Mobile-health Network Solutions (NASDAQ:MNDR) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 113,366 shares, a decline of 66.2% from the April 30th total of 335,110 shares. Based on an average daily volume of 10,523,685 shares, the short-interest ratio is presently 0.0 days. Currently, 2.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Mobile-health Network Solutions

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. Yorkville Advisors Global LP bought a new stake in Mobile-health Network Solutions (NASDAQ:MNDR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions comprises 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 26th largest holding. Yorkville Advisors Global LP owned 2.98% of Mobile-health Network Solutions as of its most recent filing with the Securities & Exchange Commission.

Mobile-health Network Solutions Stock Performance

NASDAQ:MNDR traded up $0.01 during trading hours on Friday, reaching $0.78. 113,347 shares of the company were exchanged, compared to its average volume of 5,899,197. The stock’s 50-day moving average is $0.91 and its 200-day moving average is $1.15. Mobile-health Network Solutions has a twelve month low of $0.66 and a twelve month high of $7.95.

Shares of Mobile-health Network Solutions are going to reverse split before the market opens on Monday, June 22nd. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 21st.

Mobile-health Network Solutions (NASDAQ:MNDR) last announced its earnings results on Thursday, March 12th. The company reported ($0.26) EPS for the quarter. The business had revenue of $1.97 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Mobile-health Network Solutions to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Mobile-health Network Solutions

Mobile-health Network Solutions, an investment holding company, provides telehealth solutions in Singapore. The company operates in two segments, Telemedicine and Other Services, and Sale of Medicine and Medical Devices. It offers MaNaDr platform, a 360-degree healthcare ecosystem, which connects users and service providers through the range of healthcare services and product offerings that can be accessed through the mobile application and website. The company also provides a range of primary healthcare services, including general medical consultations, treatment and management of acute and chronic conditions in adults and children, vaccinations, and health screenings for work permit applications, as well as pre-employment health screening, children's health services, geriatric care services, and minor surgical procedures.