Wellgistics Health, Inc. (NASDAQ:WGRX) Short Interest Update

Wellgistics Health, Inc. (NASDAQ:WGRX) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 695,222 shares, a decline of 19.7% from the December 15th total of 865,399 shares. Based on an average trading volume of 442,337 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.4% of the shares of the company are short sold. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 442,337 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Wellgistics Health

Institutional investors and hedge funds have recently bought and sold shares of the business. Heights Capital Management Inc. acquired a new position in shares of Wellgistics Health in the 3rd quarter worth approximately $2,588,000. ORG Wealth Partners LLC bought a new stake in Wellgistics Health during the third quarter worth approximately $89,000. Finally, Raymond James Financial Inc. grew its position in Wellgistics Health by 593.8% in the third quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock worth $52,000 after buying an additional 50,000 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Wellgistics Health in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wellgistics Health currently has an average rating of “Sell”.

Wellgistics Health Stock Down 0.6%

Shares of WGRX stock opened at $0.41 on Monday. Wellgistics Health has a 1 year low of $0.34 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.16 and a current ratio of 0.39. The business’s fifty day moving average is $0.51 and its 200-day moving average is $0.78. The stock has a market cap of $36.40 million and a PE ratio of -0.35.

Wellgistics Health Company Profile

Founded in 2022, Wellgistics Health is a holding company for various existing and planned strategic businesses centered around pharmaceuticals and healthcare services. As a micro health ecosystem, our portfolio of companies consists of a pharmacy, wholesale operations, and a technology division with a novel platform for hub and clinical services. We are focused on improving the lives of patients while delivering unique solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.