Short Interest in Wellgistics Health, Inc. (NASDAQ:WGRX) Grows By 66.7%

Wellgistics Health, Inc. (NASDAQ:WGRX) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,328,141 shares, a growth of 66.7% from the January 29th total of 796,832 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 509,371 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 509,371 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Wellgistics Health Stock Performance

Wellgistics Health stock opened at $0.24 on Monday. Wellgistics Health has a fifty-two week low of $0.21 and a fifty-two week high of $7.04. The stock’s 50 day simple moving average is $0.36 and its two-hundred day simple moving average is $0.66. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.16 and a current ratio of 0.39. The stock has a market cap of $21.45 million and a price-to-earnings ratio of -0.20.

Institutional Investors Weigh In On Wellgistics Health

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WGRX. XTX Topco Ltd raised its holdings in Wellgistics Health by 195.1% in the fourth quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock worth $42,000 after purchasing an additional 70,137 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Wellgistics Health by 81.0% in the 4th quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after buying an additional 218,170 shares during the period. Heights Capital Management Inc. bought a new position in shares of Wellgistics Health in the 3rd quarter worth about $2,588,000. Raymond James Financial Inc. lifted its position in Wellgistics Health by 593.8% during the 3rd quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock valued at $52,000 after acquiring an additional 50,000 shares during the period. Finally, ORG Wealth Partners LLC purchased a new position in Wellgistics Health during the 3rd quarter valued at about $89,000.

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.