OneMedNet Co. (NASDAQ:ONMDW) Sees Significant Increase in Short Interest

OneMedNet Co. (NASDAQ:ONMDW) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 34,100 shares, a growth of 38.6% from the September 30th total of 24,600 shares. Based on an average daily trading volume, of 86,800 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 86,800 shares, the days-to-cover ratio is presently 0.4 days.

OneMedNet Price Performance

Shares of ONMDW stock traded down $0.04 on Monday, hitting $0.11. The stock had a trading volume of 31,336 shares, compared to its average volume of 44,434. OneMedNet has a 1 year low of $0.01 and a 1 year high of $0.24. The company’s 50 day moving average price is $0.09 and its 200-day moving average price is $0.05.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.