Wellgistics Health, Inc. (NASDAQ:WGRX) Sees Significant Decrease in Short Interest

Wellgistics Health, Inc. (NASDAQ:WGRX) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 69,712 shares, a drop of 33.7% from the June 30th total of 105,197 shares. Based on an average daily trading volume, of 15,439 shares, the days-to-cover ratio is presently 4.5 days. Approximately 3.8% of the company’s stock are short sold.

Wellgistics Health Trading Down 1.7%

NASDAQ:WGRX opened at $3.46 on Friday. The company has a market capitalization of $8.68 million, a P/E ratio of -0.08 and a beta of -1.47. Wellgistics Health has a 12 month low of $2.48 and a 12 month high of $97.50. The firm has a fifty day simple moving average of $3.39 and a 200-day simple moving average of $7.91.

Analyst Upgrades and Downgrades

WGRX has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Wellgistics Health in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Wellgistics Health from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Wellgistics Health

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its stake in Wellgistics Health by 195.1% during the 4th quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock valued at $42,000 after purchasing an additional 70,137 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Wellgistics Health by 593.8% in the third quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock worth $52,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Wellgistics Health by 81.0% in the fourth quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after purchasing an additional 218,170 shares during the last quarter.

Wellgistics Health Company Profile

Founded in 2022, Wellgistics Health is a holding company for various existing and planned strategic businesses centered around pharmaceuticals and healthcare services. As a micro health ecosystem, our portfolio of companies consists of a pharmacy, wholesale operations, and a technology division with a novel platform for hub and clinical services. We are focused on improving the lives of patients while delivering unique solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.