Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Drops By 62.0%

Mobile-health Network Solutions (NASDAQ:MNDR) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 20,524 shares, a decline of 62.0% from the December 31st total of 53,961 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily volume of 86,843 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 86,843 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Mobile-health Network Solutions

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. Yorkville Advisors Global LP acquired a new position in Mobile-health Network Solutions (NASDAQ:MNDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions comprises 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 26th biggest holding. Yorkville Advisors Global LP owned 2.98% of Mobile-health Network Solutions as of its most recent filing with the Securities & Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Mobile-health Network Solutions Stock Performance

NASDAQ MNDR traded up $0.02 during mid-day trading on Friday, hitting $1.09. The company’s stock had a trading volume of 116,169 shares, compared to its average volume of 636,840. The company’s 50 day simple moving average is $1.34 and its 200 day simple moving average is $3.06. Mobile-health Network Solutions has a twelve month low of $0.83 and a twelve month high of $40.00.

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.