Mobile-health Network Solutions (NASDAQ:MNDR) Sees Large Growth in Short Interest

Mobile-health Network Solutions (NASDAQ:MNDR) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 79,652 shares, a growth of 197.5% from the October 15th total of 26,777 shares. Approximately 9.4% of the shares of the company are sold short. Based on an average daily volume of 1,291,400 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

MNDR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Monday, September 21st. Wall Street Zen raised shares of Mobile-health Network Solutions to a “hold” rating in a report on Saturday, October 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Mobile-health Network Solutions Trading Up 1.5%

MNDR stock traded up $0.01 during midday trading on Friday, reaching $0.95. 105,499 shares of the stock were exchanged, compared to its average volume of 854,649. Mobile-health Network Solutions has a 52 week low of $0.71 and a 52 week high of $32.52. The company has a fifty day moving average price of $1.19 and a 200 day moving average price of $3.51.

Mobile-health Network Solutions (NASDAQ:MNDR) last issued its quarterly earnings results on Friday, October 30th. The company reported ($0.99) EPS for the quarter. The firm had revenue of $1.90 million for the quarter.

Mobile-health Network Solutions Company Profile

Mobile-health Network Solutions Limited is a Singapore-based digital healthcare company that operates a telehealth platform under the MaNaDr brand. The platform is designed to connect patients with healthcare professionals through online consultations, helping users access medical advice and related healthcare services remotely. The company’s offerings include telemedicine consultations, electronic prescriptions, medication delivery and digital tools for managing health conditions. MaNaDr also supports healthcare providers with technology intended to facilitate patient engagement, clinical workflows and the delivery of virtual care.