Wellgistics Health, Inc. (NASDAQ:WGRX) Short Interest Down 82.9% in April

Wellgistics Health, Inc. (NASDAQ:WGRX) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,676,448 shares, a decrease of 82.9% from the April 15th total of 15,634,585 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 3,971,613 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellgistics Health in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Wellgistics Health Price Performance

NASDAQ:WGRX traded down $0.01 during trading hours on Tuesday, hitting $0.09. 639,629 shares of the stock were exchanged, compared to its average volume of 8,829,850. Wellgistics Health has a 52-week low of $0.08 and a 52-week high of $3.00. The firm’s fifty day moving average price is $0.14 and its 200 day moving average price is $0.35. The company has a current ratio of 0.09, a quick ratio of 0.04 and a debt-to-equity ratio of 1.86. The company has a market cap of $10.90 million, a P/E ratio of -0.06 and a beta of -1.17.

Institutional Investors Weigh In On Wellgistics Health

Several large investors have recently bought and sold shares of WGRX. XTX Topco Ltd increased 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 worth $42,000 after buying an additional 70,137 shares in the last quarter. Raymond James Financial Inc. increased its stake in Wellgistics Health by 593.8% during 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 in the last quarter. Geode Capital Management LLC increased its stake in Wellgistics Health by 81.0% during the 4th quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after buying an additional 218,170 shares in the last quarter. Finally, Heights Capital Management Inc. purchased a new stake in Wellgistics Health during the 3rd quarter worth approximately $2,588,000.

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.