OneMedNet Co. (NASDAQ:ONMDW – Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 17,822 shares, a drop of 27.6% from the March 31st total of 24,623 shares. Based on an average daily volume of 5,647 shares, the days-to-cover ratio is currently 3.2 days.
OneMedNet Stock Down 16.9%
Shares of ONMDW traded down $0.01 during midday trading on Thursday, reaching $0.05. The stock had a trading volume of 2,100 shares, compared to its average volume of 13,163. The firm’s 50 day moving average price is $0.07 and its 200-day moving average price is $0.11. OneMedNet has a 52 week low of $0.02 and a 52 week high of $0.24.
OneMedNet Company Profile
OneMedNet Inc is a special purpose acquisition company incorporated as an exempted company under the laws of the Cayman Islands in March 2021. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, or similar business combination with one or more businesses, initially focusing on opportunities in the healthcare and medical technology sectors.
OneMedNet’s units and public securities are listed on the Nasdaq, with its warrants trading under the ticker ONMDW.
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