OneMedNet Corporation (NASDAQ:ONMD) Short Interest Update

OneMedNet Corporation (NASDAQ:ONMD) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 224,270 shares, an increase of 65.8% from the January 15th total of 135,229 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 313,084 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 313,084 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Buying and Selling at OneMedNet

In other news, CEO Aaron Green sold 61,555 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $1.20, for a total transaction of $73,866.00. Following the completion of the sale, the chief executive officer directly owned 1,804,103 shares of the company’s stock, valued at $2,164,923.60. The trade was a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 46.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneMedNet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Correct Capital Wealth Management purchased a new position in OneMedNet in the 3rd quarter worth approximately $4,910,000. Exencial Wealth Advisors LLC lifted its position in shares of OneMedNet by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock worth $4,009,000 after purchasing an additional 45,401 shares in the last quarter. State Street Corp boosted its stake in shares of OneMedNet by 41.5% in 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 during the period. Jane Street Group LLC acquired a new stake in OneMedNet during the 4th quarter valued at $119,000. Finally, HRT Financial LP acquired a new stake in OneMedNet during the 4th quarter valued at $32,000. 0.95% of the stock is owned by institutional investors and hedge funds.

OneMedNet Trading Down 6.8%

Shares of ONMD stock opened at $0.65 on Friday. The company has a market cap of $32.95 million, a PE ratio of -12.92 and a beta of 1.13. The company’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.26. OneMedNet has a 52 week low of $0.30 and a 52 week high of $4.22.

OneMedNet (NASDAQ:ONMD) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.18 million during 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. OneMedNet Corporation is based in Eden Prairie, Minnesota.