Short Interest in OneMedNet Co. (NASDAQ:ONMD) Expands By 232.4%

OneMedNet Co. (NASDAQ:ONMD) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 319,400 shares, a growth of 232.4% from the March 31st total of 96,100 shares. Based on an average trading volume of 2,530,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.1% of the company’s shares are sold short.

Hedge Funds Weigh In On OneMedNet

An institutional investor recently bought a new position in OneMedNet stock. PNC Financial Services Group Inc. bought a new stake in shares of OneMedNet Co. (NASDAQ:ONMD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned 0.74% of OneMedNet at the end of the most recent quarter. 0.95% of the stock is currently owned by institutional investors.

OneMedNet Stock Down 3.3 %

NASDAQ:ONMD opened at $0.56 on Friday. The firm’s fifty day moving average is $0.76. The stock has a market cap of $13.36 million, a price-to-earnings ratio of -2.95 and a beta of -0.55. OneMedNet has a fifty-two week low of $0.42 and a fifty-two week high of $13.51.

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.