Mobile-health Network Solutions (NASDAQ:MNDR) Sees Large Growth in Short Interest

Mobile-health Network Solutions (NASDAQ:MNDR) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 74,987 shares, a growth of 214.0% from the July 15th total of 23,885 shares. Based on an average trading volume of 94,758 shares, the days-to-cover ratio is currently 0.8 days. Currently, 8.8% of the company’s stock are sold short.

Mobile-health Network Solutions Price Performance

Shares of MNDR traded down $0.05 during midday trading on Thursday, reaching $1.67. The stock had a trading volume of 81,277 shares, compared to its average volume of 274,841. The company’s fifty day simple moving average is $7.89 and its two-hundred day simple moving average is $24.30. Mobile-health Network Solutions has a 1-year low of $1.40 and a 1-year high of $36.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mobile-health Network Solutions currently has a consensus rating of “Sell”.

Institutional Trading of Mobile-health Network Solutions

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. HRT Financial LP acquired a new stake in Mobile-health Network Solutions (NASDAQ:MNDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned about 3.35% of Mobile-health Network Solutions as of its most recent filing with the Securities and Exchange Commission.

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.