Mobile-health Network Solutions (NASDAQ:MNDR) Sees Large Decrease in Short Interest

Mobile-health Network Solutions (NASDAQ:MNDR) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 32,862 shares, a decrease of 71.0% from the May 14th total of 113,366 shares. Based on an average daily volume of 207,924 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the shares of the stock are short sold.

Mobile-health Network Solutions Stock Down 1.4%

NASDAQ:MNDR traded down $0.01 during mid-day trading on Friday, reaching $0.67. 943,047 shares of the company were exchanged, compared to its average volume of 162,654. Mobile-health Network Solutions has a 12 month low of $0.66 and a 12 month high of $7.95. The company has a fifty day moving average of $0.86 and a 200 day moving average of $1.05.

Shares of Mobile-health Network Solutions are set to reverse split on the morning of 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:MNDR) last issued its earnings results on Thursday, March 12th. The company reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $1.97 million for the quarter.

Institutional Investors Weigh In On Mobile-health Network Solutions

An institutional investor recently bought a new position in Mobile-health Network Solutions stock. Yorkville Advisors Global LP bought a new position in shares of Mobile-health Network Solutions (NASDAQ:MNDR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions accounts for approximately 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 26th largest position. Yorkville Advisors Global LP owned approximately 2.98% of Mobile-health Network Solutions as of its most recent filing with the SEC.

Analysts Set New Price Targets

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

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.