Wellgistics Health, Inc. (NASDAQ:WGRX) Short Interest Up 219.6% in March

Wellgistics Health, Inc. (NASDAQ:WGRX) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,271,116 shares, an increase of 219.6% from the February 26th total of 1,962,253 shares. Approximately 12.6% of the company’s stock are sold short. Based on an average daily volume of 7,921,583 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 7,921,583 shares, the short-interest ratio is currently 0.8 days. Approximately 12.6% of the company’s stock are sold short.

Wellgistics Health Price Performance

NASDAQ WGRX opened at $0.12 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $12.21 million and a PE ratio of -0.08. The company has a 50 day moving average price of $0.27 and a two-hundred day moving average price of $0.54. Wellgistics Health has a 12-month low of $0.11 and a 12-month high of $7.04.

Wellgistics Health (NASDAQ:WGRX) last announced its quarterly earnings results on Friday, March 20th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.67 million for the quarter. Wellgistics Health had a negative return on equity of 2,114.73% and a negative net margin of 433.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Wellgistics Health in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wellgistics Health presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wellgistics Health

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. raised its holdings in Wellgistics Health by 593.8% during the third quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock valued at $52,000 after buying an additional 50,000 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Wellgistics Health during the 3rd quarter worth about $89,000. XTX Topco Ltd boosted its stake in shares of Wellgistics Health by 195.1% during the 4th quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock worth $42,000 after acquiring an additional 70,137 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Wellgistics Health by 81.0% during the 4th quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock valued at $195,000 after acquiring an additional 218,170 shares during the last quarter. Finally, Heights Capital Management Inc. acquired a new position in shares of Wellgistics Health during the 3rd quarter valued at about $2,588,000.

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.