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

OneMedNet Co. (NASDAQ:ONMD) was the recipient of a large 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. Approximately 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On OneMedNet

A hedge fund recently bought a new stake in OneMedNet stock. PNC Financial Services Group Inc. acquired a new position in shares of OneMedNet Co. (NASDAQ:ONMD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned about 0.74% of OneMedNet at the end of the most recent reporting period. Institutional investors own 0.95% of the company’s stock.

OneMedNet Price Performance

Shares of ONMD stock opened at $0.57 on Friday. OneMedNet has a 1 year low of $0.42 and a 1 year high of $13.51. The company has a fifty day simple moving average of $0.75. The firm has a market cap of $13.48 million, a price-to-earnings ratio of -2.97 and a beta of -0.55.

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.