Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Down 66.2% in May

Mobile-health Network Solutions (NASDAQ:MNDRGet Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 113,366 shares, a drop of 66.2% from the April 30th total of 335,110 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 10,523,685 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several equities analysts have commented on MNDR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research report on Friday, March 27th. Wall Street Zen raised shares of Mobile-health Network Solutions to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on MNDR

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. Yorkville Advisors Global LP acquired a new stake in shares of Mobile-health Network Solutions (NASDAQ:MNDRFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions comprises about 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 26th largest holding. Yorkville Advisors Global LP owned approximately 2.98% of Mobile-health Network Solutions at the end of the most recent reporting period.

Mobile-health Network Solutions Stock Performance

Shares of MNDR traded up $0.01 during mid-day trading on Friday, reaching $0.78. The company had a trading volume of 113,347 shares, compared to its average volume of 5,910,861. The firm has a 50-day moving average price of $0.91 and a 200 day moving average price of $1.16. Mobile-health Network Solutions has a 52 week low of $0.66 and a 52 week high of $7.95.

Mobile-health Network Solutions’s stock is set to reverse split before the market opens on Monday, June 22nd. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 21st.

Mobile-health Network Solutions (NASDAQ:MNDRGet Free Report) last announced its quarterly earnings data 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.

About Mobile-health Network Solutions

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Mobile-health Network Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile-health Network Solutions and related companies with MarketBeat.com's FREE daily email newsletter.