Mobile-health Network Solutions (NASDAQ:MNDR) Sees Significant Growth in Short Interest

Mobile-health Network Solutions (NASDAQ:MNDR) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 74,600 shares, an increase of 21.9% from the March 15th total of 61,200 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.6% of the company’s shares are sold short.

Mobile-health Network Solutions Price Performance

MNDR stock remained flat at $1.47 during trading on Monday. 15,965 shares of the company’s stock were exchanged, compared to its average volume of 391,977. The stock has a 50-day simple moving average of $2.43 and a 200 day simple moving average of $2.70. Mobile-health Network Solutions has a one year low of $1.42 and a one year high of $219.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. Citadel Advisors LLC purchased a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 209,972 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned 0.92% of Mobile-health Network Solutions at the end of the most recent quarter.

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.