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

OneMedNet Co. (NASDAQ:ONMD) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 309,300 shares, a decline of 18.1% from the July 31st total of 377,600 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average daily volume of 7,100,000 shares, the days-to-cover ratio is currently 0.0 days.

OneMedNet Stock Up 3.0 %

Shares of ONMD opened at $1.03 on Friday. OneMedNet has a 52-week low of $0.42 and a 52-week high of $13.51. The firm’s fifty day moving average is $1.06 and its two-hundred day moving average is $0.98. The stock has a market cap of $24.57 million, a PE ratio of -5.42 and a beta of 0.79.

Institutional Investors Weigh In On OneMedNet

A hedge fund recently bought a new stake in OneMedNet stock. PNC Financial Services Group Inc. bought a new position in shares of OneMedNet Co. (NASDAQ:ONMD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned about 0.74% of OneMedNet as of its most recent SEC filing. Institutional investors own 0.95% of the company’s stock.

About OneMedNet

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.