Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Down 61.6% in June

Mobile-health Network Solutions (NASDAQ:MNDR) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 62,348 shares, a drop of 61.6% from the June 15th total of 162,530 shares. Based on an average trading volume of 394,568 shares, the days-to-cover ratio is currently 0.2 days. Currently, 7.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Mobile-health Network Solutions

An institutional investor 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) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions makes up approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 26th largest position. Yorkville Advisors Global LP owned about 2.98% of Mobile-health Network Solutions as of its most recent SEC filing.

Mobile-health Network Solutions Stock Up 1.6%

Shares of Mobile-health Network Solutions stock traded up $0.05 during trading hours on Wednesday, hitting $3.27. 10,578 shares of the company’s stock traded hands, compared to its average volume of 287,676. Mobile-health Network Solutions has a twelve month low of $2.40 and a twelve month high of $45.00. The stock has a 50 day simple moving average of $20.86 and a 200-day simple moving average of $29.69.

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.