OneMedNet Co. (NASDAQ:ONMD) Short Interest Update

OneMedNet Co. (NASDAQ:ONMD) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 120,700 shares, a growth of 104.6% from the January 15th total of 59,000 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 320,900 shares, the days-to-cover ratio is presently 0.4 days.

OneMedNet Price Performance

Shares of NASDAQ:ONMD traded up $0.03 on Thursday, reaching $0.96. The company’s stock had a trading volume of 53,340 shares, compared to its average volume of 119,460. OneMedNet has a 52-week low of $0.46 and a 52-week high of $3.37. The stock’s 50-day moving average is $1.14 and its two-hundred day moving average is $0.97.

OneMedNet (NASDAQ:ONMD) last posted its quarterly earnings data on Tuesday, December 17th. The company reported ($0.08) earnings per share for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in OneMedNet by 280.3% during the 3rd quarter. XTX Topco Ltd now owns 41,683 shares of the company’s stock worth $25,000 after purchasing an additional 30,723 shares during the period. Virtu Financial LLC lifted its holdings in OneMedNet by 160.1% in the fourth quarter. Virtu Financial LLC now owns 32,389 shares of the company’s stock valued at $44,000 after acquiring an additional 19,938 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of OneMedNet by 49.6% during the 4th quarter. Geode Capital Management LLC now owns 152,937 shares of the company’s stock worth $208,000 after purchasing an additional 50,690 shares in the last quarter. 0.95% of the stock is owned by hedge funds and other institutional investors.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.