OneMedNet Co. (NASDAQ:ONMD) Sees Large Drop in Short Interest

OneMedNet Co. (NASDAQ:ONMD) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 71,500 shares, a decline of 36.1% from the February 13th total of 111,900 shares. Based on an average daily trading volume, of 138,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of OneMedNet

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in OneMedNet by 49.6% in the fourth quarter. Geode Capital Management LLC now owns 152,937 shares of the company’s stock worth $208,000 after purchasing an additional 50,690 shares in the last quarter. Virtu Financial LLC raised its holdings in OneMedNet by 160.1% in the fourth quarter. Virtu Financial LLC now owns 32,389 shares of the company’s stock worth $44,000 after purchasing an additional 19,938 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in OneMedNet by 280.3% in the third quarter. XTX Topco Ltd now owns 41,683 shares of the company’s stock worth $25,000 after purchasing an additional 30,723 shares in the last quarter. 0.95% of the stock is currently owned by institutional investors.

OneMedNet Stock Down 5.3 %

Shares of ONMD traded down $0.04 during trading hours on Monday, reaching $0.66. 54,167 shares of the company traded hands, compared to its average volume of 2,036,490. OneMedNet has a 12-month low of $0.46 and a 12-month high of $3.37. The stock’s fifty day moving average price is $1.00 and its 200 day moving average price is $0.93.

OneMedNet (NASDAQ:ONMD) last released its quarterly earnings data on Tuesday, December 17th. The company reported ($0.08) earnings per share for the quarter.

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.