Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Down 71.0% in May

Mobile-health Network Solutions (NASDAQ:MNDR) was the recipient of a large drop in short interest in 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 207,924 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Friday, March 27th. Wall Street Zen raised Mobile-health Network Solutions to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Mobile-health Network Solutions Trading Down 1.4%

Shares of MNDR stock traded down $0.01 during trading hours on Friday, reaching $0.67. The company’s stock had a trading volume of 943,047 shares, compared to its average volume of 162,654. The firm’s 50 day simple moving average is $0.86 and its 200-day simple moving average is $1.05. Mobile-health Network Solutions has a fifty-two week low of $0.66 and a fifty-two week high of $7.95.

Shares of Mobile-health Network Solutions are going to reverse split on the morning of 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 issued its earnings results 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.

Hedge Funds Weigh In On Mobile-health Network Solutions

An institutional investor recently bought a new position in Mobile-health Network Solutions stock. Yorkville Advisors Global LP bought a new position in Mobile-health Network Solutions (NASDAQ:MNDR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions makes up about 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 26th largest holding. Yorkville Advisors Global LP owned 2.98% of Mobile-health Network Solutions at the end of the most recent quarter.

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.