Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Drops By 71.0%

Mobile-health Network Solutions (NASDAQ:MNDR) saw 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. Based on an average daily trading volume, of 207,924 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. HRT Financial LP bought a new stake in shares of Mobile-health Network Solutions (NASDAQ:MNDR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen raised Mobile-health Network Solutions to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Mobile-health Network Solutions Stock Down 1.4%

Shares of MNDR stock traded down $0.01 during trading hours on Thursday, reaching $0.69. 147,690 shares of the company traded hands, compared to its average volume of 1,811,901. Mobile-health Network Solutions has a 12-month low of $0.66 and a 12-month high of $7.95. The firm has a 50-day moving average price of $0.86 and a 200 day moving average price of $1.08.

Mobile-health Network Solutions’s stock is set 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 market closes on Sunday, June 21st.

Mobile-health Network Solutions (NASDAQ:MNDR) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $1.97 million during the quarter.

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.