Mobile-health Network Solutions (NASDAQ:MNDR) Sees Significant Drop in Short Interest

Mobile-health Network Solutions (NASDAQ:MNDR) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,803 shares, a drop of 66.4% from the August 31st total of 23,194 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 32,922 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mobile-health Network Solutions Stock Performance

NASDAQ MNDR traded up $0.02 during trading hours on Friday, hitting $1.36. 126,987 shares of the company’s stock traded hands, compared to its average volume of 158,058. The business’s fifty day moving average price is $1.70 and its two-hundred day moving average price is $16.89. Mobile-health Network Solutions has a 52 week low of $1.27 and a 52 week high of $32.52.

Mobile-health Network Solutions Company Profile

Mobile-health Network Solutions Ltd. is a Singapore-based digital healthcare company that operates the MaNaDr telehealth platform. The platform is designed to connect patients with healthcare professionals through mobile and online services, enabling users to seek medical advice and manage aspects of their healthcare remotely.

Its services include virtual medical consultations, electronic prescriptions, medication fulfillment and delivery, and related healthcare-support tools. The company also provides technology intended to help healthcare providers manage patient interactions and deliver care through digital channels.

Founded in Singapore, Mobile-health Network Solutions has focused on expanding telehealth access in Southeast Asia, with operations and services centered on Singapore and a broader regional presence.