Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Down 55.6% in March

Mobile-health Network Solutions (NASDAQ:MNDR) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 55,509 shares, a drop of 55.6% from the February 26th total of 125,128 shares. Based on an average daily volume of 70,490 shares, the short-interest ratio is presently 0.8 days. Currently, 5.9% of the company’s shares are short sold.

Wall Street Analyst Weigh In

MNDR has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research report on Monday, December 29th. Wall Street Zen upgraded Mobile-health Network Solutions to a “hold” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mobile-health Network Solutions has an average rating of “Sell”.

Institutional Investors Weigh In On Mobile-health Network Solutions

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. HRT Financial LP bought a new stake in shares of Mobile-health Network Solutions (NASDAQ:MNDR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned approximately 3.35% of Mobile-health Network Solutions as of its most recent SEC filing.

Mobile-health Network Solutions Stock Performance

Shares of NASDAQ:MNDR traded down $0.12 during midday trading on Friday, hitting $0.88. 260,013 shares of the stock traded hands, compared to its average volume of 1,467,132. The business’s 50 day moving average is $1.00 and its two-hundred day moving average is $1.92. Mobile-health Network Solutions has a one year low of $0.79 and a one year high of $10.10.

Mobile-health Network Solutions (NASDAQ:MNDR) last posted its earnings results on Thursday, March 12th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $1.97 million during the quarter. As a group, equities analysts anticipate that Mobile-health Network Solutions will post -0.04 EPS for the current year.

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.