Wellgistics Health, Inc. (NASDAQ:WGRX – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 101,300 shares, a drop of 77.2% from the May 31st total of 444,588 shares. Based on an average trading volume of 71,464 shares, the short-interest ratio is presently 1.4 days. Currently, 5.5% of the company’s stock are sold short.
Wellgistics Health Price Performance
WGRX stock opened at $3.05 on Friday. The company has a market capitalization of $7.66 million, a P/E ratio of -0.07 and a beta of -1.45. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.03 and a current ratio of 0.09. Wellgistics Health has a 52-week low of $2.81 and a 52-week high of $97.50. The business has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $11.45.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of WGRX. XTX Topco Ltd boosted its position in shares of Wellgistics Health by 195.1% during the fourth quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock valued at $42,000 after buying an additional 70,137 shares during the last quarter. Geode Capital Management LLC lifted 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 valued at $195,000 after acquiring an additional 218,170 shares in the last quarter. Heights Capital Management Inc. bought a new position in Wellgistics Health during the 3rd quarter valued at $2,588,000. Finally, Raymond James Financial Inc. boosted its holdings 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 acquiring an additional 50,000 shares during the last quarter.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Wellgistics Health
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.
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