Short Interest in Mobile-health Network Solutions (NASDAQ:MNDR) Decreases By 39.3%

Mobile-health Network Solutions (NASDAQ:MNDR) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 45,484 shares, a drop of 39.3% from the July 30th total of 74,987 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily volume of 290,520 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Mobile-health Network Solutions

A hedge fund recently bought a new position in Mobile-health Network Solutions stock. HRT Financial LP acquired a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned approximately 3.35% of Mobile-health Network Solutions at the end of the most recent reporting period.

Mobile-health Network Solutions Stock Performance

Shares of NASDAQ MNDR remained flat at $1.53 during mid-day trading on Wednesday. The company had a trading volume of 12,020 shares, compared to its average volume of 275,659. The company has a 50 day moving average price of $2.36 and a 200-day moving average price of $20.79. Mobile-health Network Solutions has a 52 week low of $1.40 and a 52 week high of $32.52.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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.