Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Increases By 1,897.8%

Mobile-health Network Solutions (NASDAQ:MNDR) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 335,110 shares, a growth of 1,897.8% from the April 15th total of 16,774 shares. Approximately 9.6% of the company’s stock are short sold. Based on an average daily trading volume, of 922,784 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MNDR. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research note on Friday, March 27th. Wall Street Zen raised shares of Mobile-health Network Solutions to a “hold” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mobile-health Network Solutions has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mobile-health Network Solutions stock. Yorkville Advisors Global LP purchased a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions comprises 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 26th biggest position. Yorkville Advisors Global LP owned approximately 2.98% of Mobile-health Network Solutions as of its most recent SEC filing.

Mobile-health Network Solutions Trading Down 5.1%

Shares of NASDAQ:MNDR traded down $0.05 during trading on Wednesday, reaching $0.99. 607,851 shares of the company traded hands, compared to its average volume of 2,172,829. The firm has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $1.30. Mobile-health Network Solutions has a 1-year low of $0.66 and a 1-year high of $7.95.

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

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.