Short Interest in OneMedNet Corporation (NASDAQ:ONMD) Increases By 446.8%

OneMedNet Corporation (NASDAQ:ONMD) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,720,441 shares, an increase of 446.8% from the February 26th total of 314,631 shares. Based on an average daily volume of 1,479,468 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ONMD. Ashton Thomas Private Wealth LLC acquired a new position in shares of OneMedNet during the third quarter worth approximately $25,000. HRT Financial LP acquired a new stake in shares of OneMedNet in the fourth quarter worth $32,000. Virtu Financial LLC bought a new position in OneMedNet during the fourth quarter worth $48,000. Jane Street Group LLC bought a new position in OneMedNet during the fourth quarter worth $119,000. Finally, State Street Corp raised its stake in OneMedNet by 41.5% during the 4th quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after purchasing an additional 34,200 shares during the last quarter. 0.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, OneMedNet presently has an average rating of “Sell”.

OneMedNet Stock Performance

Shares of OneMedNet stock traded up $0.01 during trading on Thursday, reaching $0.88. The company’s stock had a trading volume of 429,955 shares, compared to its average volume of 4,263,375. OneMedNet has a one year low of $0.30 and a one year high of $4.22. The firm has a market cap of $44.78 million, a price-to-earnings ratio of -17.56 and a beta of 1.08. The business’s fifty day moving average price is $0.77 and its 200-day moving average price is $1.27.

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.