OneMedNet Corporation (NASDAQ:ONMD) Short Interest Up 45.8% in February

OneMedNet Corporation (NASDAQ:ONMD) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 326,990 shares, an increase of 45.8% from the January 29th total of 224,270 shares. Based on an average daily trading volume, of 283,072 shares, the short-interest ratio is presently 1.2 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 283,072 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On OneMedNet

Several hedge funds and other institutional investors have recently made changes to their positions in ONMD. Ashton Thomas Private Wealth LLC acquired a new stake in OneMedNet in the 3rd quarter valued at approximately $25,000. HRT Financial LP bought a new position in shares of OneMedNet in the fourth quarter worth $32,000. Virtu Financial LLC acquired a new position in shares of OneMedNet during the fourth quarter valued at $48,000. Jane Street Group LLC acquired a new position in shares of OneMedNet during the fourth quarter valued at $119,000. Finally, State Street Corp raised its stake in shares of OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after purchasing an additional 34,200 shares in the last quarter. 0.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

OneMedNet Price Performance

Shares of ONMD stock traded up $0.31 during trading hours on Friday, reaching $1.02. The stock had a trading volume of 216,755,443 shares, compared to its average volume of 216,853. The firm has a market capitalization of $52.03 million, a PE ratio of -20.40 and a beta of 1.13. The firm has a 50-day simple moving average of $0.92 and a 200-day simple moving average of $1.28. OneMedNet has a twelve month low of $0.30 and a twelve month high of $4.22.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.