Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Update

Mobile-health Network Solutions (NASDAQ:MNDR) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 162,530 shares, a growth of 394.6% from the May 31st total of 32,862 shares. Based on an average daily trading volume, of 217,510 shares, the short-interest ratio is currently 0.7 days. Currently, 3.2% of the company’s shares are sold short.

Mobile-health Network Solutions Stock Up 4.1%

Shares of MNDR stock traded up $0.02 during trading hours on Friday, hitting $0.54. 187,047 shares of the company were exchanged, compared to its average volume of 1,130,077. The business has a 50 day moving average of $4.57 and a two-hundred day moving average of $5.51. Mobile-health Network Solutions has a 52 week low of $0.40 and a 52 week high of $7.50.

Mobile-health Network Solutions’s stock is set to reverse split on Monday, June 29th. The 1-6 reverse split was announced on Thursday, June 25th. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 28th.

Institutional Trading of Mobile-health Network Solutions

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. Yorkville Advisors Global LP purchased a new stake in Mobile-health Network Solutions (NASDAQ:MNDR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions makes up approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 26th largest holding. Yorkville Advisors Global LP owned approximately 2.98% of Mobile-health Network Solutions at the end of the most recent quarter.

Analyst Upgrades and Downgrades

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

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.