OneMedNet Corporation (NASDAQ:ONMD) Shares Shorted: Short Interest Down 87.7% in September

OneMedNet Corporation (NASDAQ:ONMD – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 113,555 shares, a decline of 87.7% from the September 15th total of 922,431 shares. Based on an average daily volume of 94,253 shares, the short-interest ratio is currently 1.2 days. Approximately 3.8% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded OneMedNet from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, OneMedNet presently has an average rating of “Sell”.

View Our Latest Research Report on ONMD

Insider Buying and Selling at OneMedNet

In other OneMedNet news, CEO Aaron Green sold 5,000 shares of OneMedNet stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $7.39, for a total transaction of $36,950.00. Following the completion of the sale, the chief executive officer owned 249,638 shares of the company’s stock, valued at $1,844,824.82. This trade represents a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Yu purchased 14,285 shares of the stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of $6.30 per share, for a total transaction of $89,995.50. Following the completion of the acquisition, the insider owned 892,326 shares in the company, valued at $5,621,653.80. This represents a 1.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 12,667 shares of company stock worth $86,542. 50.20% of the stock is currently owned by company insiders.

OneMedNet Price Performance

Shares of OneMedNet stock traded down $0.52 during midday trading on Friday, hitting $4.30. The company had a trading volume of 24,653 shares, compared to its average volume of 69,105. OneMedNet has a 1-year low of $4.30 and a 1-year high of $42.20. The business’s 50 day simple moving average is $6.24 and its two-hundred day simple moving average is $7.32. The stock has a market cap of $25.50 million, a PE ratio of -2.69 and a beta of 1.14.

About OneMedNet

(Get Free Report)

OneMedNet Corporation is a healthcare technology company that develops infrastructure for accessing, managing and analyzing medical data. Its platform is designed to help healthcare providers, researchers, life sciences companies and other authorized users work with clinical and medical-imaging information while keeping the underlying data within the organization that controls it.

The company’s technology uses a federated data model, allowing participating institutions to collaborate on data analysis without routinely transferring sensitive patient information to a centralized repository.

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