Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Rises By 394.6%

Mobile-health Network Solutions (NASDAQ:MNDR) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 162,530 shares, an increase of 394.6% from the May 31st total of 32,862 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 217,510 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Mobile-health Network Solutions

A hedge fund recently bought a new position in Mobile-health Network Solutions stock. Yorkville Advisors Global LP bought a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions accounts for about 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 26th largest holding. Yorkville Advisors Global LP owned 2.98% of Mobile-health Network Solutions as of its most recent filing with the SEC.

Mobile-health Network Solutions Stock Performance

Shares of MNDR traded up $0.02 during mid-day trading on Friday, reaching $0.54. The company’s stock had a trading volume of 187,047 shares, compared to its average volume of 1,130,077. Mobile-health Network Solutions has a 1-year low of $0.40 and a 1-year high of $7.50. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $5.53.

Mobile-health Network Solutions shares are going to reverse split on Monday, June 29th. The 1-6 reverse split was announced on Thursday, June 25th. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 28th.

Mobile-health Network Solutions Company Profile

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.