Wellgistics Health, Inc. (NASDAQ:WGRX) Short Interest Down 19.7% in December

Wellgistics Health, Inc. (NASDAQ:WGRX) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 695,222 shares, a drop of 19.7% from the December 15th total of 865,399 shares. Based on an average daily volume of 442,337 shares, the short-interest ratio is presently 1.6 days. Approximately 1.4% of the shares of the stock are short sold. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 442,337 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Wellgistics Health

Several hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in shares of Wellgistics Health in the 3rd quarter worth about $89,000. Raymond James Financial Inc. lifted its position in Wellgistics Health by 593.8% in the 3rd quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock worth $52,000 after buying an additional 50,000 shares during the last quarter. Finally, Heights Capital Management Inc. bought a new stake in Wellgistics Health in the 3rd quarter worth approximately $2,588,000.

Wellgistics Health Trading Down 3.9%

Shares of Wellgistics Health stock opened at $0.39 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.39 and a quick ratio of 0.16. Wellgistics Health has a 1 year low of $0.34 and a 1 year high of $7.04. The firm has a market cap of $34.99 million and a PE ratio of -0.33. The company has a 50 day simple moving average of $0.50 and a two-hundred day simple moving average of $0.78.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellgistics Health in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Wellgistics Health

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.