Short Interest in OneMedNet Corporation (NASDAQ:ONMD) Expands By 45.8%

OneMedNet Corporation (NASDAQ:ONMD) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 326,990 shares, a growth of 45.8% from the January 29th total of 224,270 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 283,072 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 283,072 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On OneMedNet

A number of institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of OneMedNet in the third quarter worth $25,000. HRT Financial LP acquired a new stake in OneMedNet during the 4th quarter worth about $32,000. Virtu Financial LLC purchased a new position in shares of OneMedNet during the 4th quarter valued at about $48,000. Jane Street Group LLC acquired a new position in shares of OneMedNet in the 4th quarter valued at about $119,000. Finally, State Street Corp boosted its stake in shares of OneMedNet by 41.5% in the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after buying an additional 34,200 shares during the last quarter. 0.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

OneMedNet Price Performance

NASDAQ:ONMD traded down $0.03 during trading hours on Tuesday, hitting $0.72. 1,582,626 shares of the company were exchanged, compared to its average volume of 5,821,541. OneMedNet has a 52-week low of $0.30 and a 52-week high of $4.22. The stock has a market capitalization of $36.72 million, a price-to-earnings ratio of -14.40 and a beta of 1.13. The company’s 50 day moving average price is $0.91 and its 200-day moving average price is $1.28.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.