Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Up 65.4% in March

Mobile-health Network Solutions (NASDAQ:MNDR) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 91,815 shares, a growth of 65.4% from the March 15th total of 55,509 shares. Based on an average daily trading volume, of 2,383,323 shares, the days-to-cover ratio is currently 0.0 days. Currently, 9.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Mobile-health Network Solutions

An institutional investor recently bought a new position in Mobile-health Network Solutions stock. HRT Financial LP purchased a new position in Mobile-health Network Solutions (NASDAQ:MNDR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned 3.35% of Mobile-health Network Solutions at the end of the most recent reporting period.

Mobile-health Network Solutions Stock Performance

NASDAQ MNDR traded down $0.03 on Wednesday, hitting $0.81. 17,332 shares of the company’s stock were exchanged, compared to its average volume of 999,319. The firm’s 50-day moving average price is $0.92 and its two-hundred day moving average price is $1.64. Mobile-health Network Solutions has a fifty-two week low of $0.76 and a fifty-two week high of $8.50.

Mobile-health Network Solutions (NASDAQ:MNDR) last released its earnings results on Thursday, March 12th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $1.97 million during the quarter. Research analysts expect that Mobile-health Network Solutions will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MNDR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Friday, March 27th. Wall Street Zen raised Mobile-health Network Solutions to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.