Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Down 61.6% in June

Mobile-health Network Solutions (NASDAQ:MNDR) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 62,348 shares, a decrease of 61.6% from the June 15th total of 162,530 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average daily trading volume, of 394,568 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Mobile-health Network Solutions Stock Performance

Shares of NASDAQ:MNDR traded down $0.10 during midday trading on Tuesday, hitting $3.22. 13,705 shares of the company’s stock traded hands, compared to its average volume of 289,759. The firm’s fifty day moving average price is $21.57 and its two-hundred day moving average price is $29.95. Mobile-health Network Solutions has a twelve month low of $2.40 and a twelve month high of $45.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Mobile-health Network Solutions stock. HRT Financial LP purchased a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned 3.35% of Mobile-health Network Solutions at the end of the most recent reporting period.

About Mobile-health Network Solutions

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.