Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Drops By 71.0%

Mobile-health Network Solutions (NASDAQ:MNDR) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 32,862 shares, a drop of 71.0% from the May 14th total of 113,366 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 207,924 shares, the days-to-cover ratio is currently 0.2 days.

Mobile-health Network Solutions Stock Performance

NASDAQ:MNDR traded down $0.01 during trading hours on Thursday, reaching $0.69. The stock had a trading volume of 147,690 shares, compared to its average volume of 1,811,901. Mobile-health Network Solutions has a 52 week low of $0.66 and a 52 week high of $7.95. The company has a 50 day moving average price of $0.86 and a two-hundred day moving average price of $1.08.

Mobile-health Network Solutions’s stock is scheduled to reverse split before the market opens on Monday, June 22nd. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 21st.

Mobile-health Network Solutions (NASDAQ:MNDR) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $1.97 million during the quarter.

Analyst Upgrades and Downgrades

MNDR has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research note on Friday, March 27th. Wall Street Zen raised Mobile-health Network Solutions to a “hold” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mobile-health Network Solutions has a consensus rating of “Sell”.

Institutional Trading of Mobile-health Network Solutions

An institutional investor recently bought a new position in Mobile-health Network Solutions stock. HRT Financial LP acquired a new position in Mobile-health Network Solutions (NASDAQ:MNDR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned about 3.35% of Mobile-health Network Solutions at the end of the most recent reporting period.

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.