Mobile-health Network Solutions (NASDAQ:MNDR) Short Interest Down 61.6% in June

Mobile-health Network Solutions (NASDAQ:MNDR) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 62,348 shares, a drop of 61.6% from the June 15th total of 162,530 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average daily trading volume, of 394,568 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Mobile-health Network Solutions has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mobile-health Network Solutions stock. Yorkville Advisors Global LP purchased a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions makes up 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 26th biggest holding. Yorkville Advisors Global LP owned about 2.98% of Mobile-health Network Solutions at the end of the most recent quarter.

Mobile-health Network Solutions Price Performance

MNDR stock opened at $3.35 on Monday. Mobile-health Network Solutions has a twelve month low of $2.40 and a twelve month high of $45.00. The company’s 50 day moving average is $22.10 and its two-hundred day moving average is $30.20.

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.