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

Wellgistics Health, Inc. (NASDAQ:WGRX) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,328,141 shares, a growth of 66.7% from the January 29th total of 796,832 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average trading volume of 509,371 shares, the days-to-cover ratio is presently 2.6 days. Based on an average trading volume of 509,371 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.7% of the company’s stock are sold short.

Wellgistics Health Stock Up 1.7%

Shares of NASDAQ:WGRX opened at $0.24 on Friday. The company has a market capitalization of $21.45 million and a PE ratio of -0.20. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.39 and a quick ratio of 0.16. The business has a fifty day moving average price of $0.36 and a two-hundred day moving average price of $0.66. Wellgistics Health has a 1 year low of $0.21 and a 1 year high of $7.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Wellgistics Health in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Wellgistics Health

Large investors have recently added to or reduced their stakes in the stock. Heights Capital Management Inc. bought a new stake in Wellgistics Health in the third quarter worth about $2,588,000. Geode Capital Management LLC raised its holdings in shares of Wellgistics Health by 81.0% in the 4th quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after purchasing an additional 218,170 shares during the period. ORG Wealth Partners LLC purchased a new position in Wellgistics Health in the third quarter valued at approximately $89,000. XTX Topco Ltd grew its holdings in Wellgistics Health by 195.1% during the fourth quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock valued at $42,000 after purchasing an additional 70,137 shares during the period. Finally, Raymond James Financial Inc. increased 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.

About Wellgistics Health

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.