Kindly MD, Inc. (NASDAQ:KDLY) Sees Large Increase in Short Interest

Kindly MD, Inc. (NASDAQ:KDLY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 111,600 shares, a growth of 109.8% from the September 30th total of 53,200 shares. Based on an average trading volume of 161,800 shares, the days-to-cover ratio is presently 0.7 days. Currently, 5.8% of the shares of the company are short sold.

Kindly MD Price Performance

Shares of Kindly MD stock traded down $0.04 on Friday, hitting $1.02. 103,979 shares of the company’s stock were exchanged, compared to its average volume of 270,106. The firm has a 50-day moving average of $1.28. Kindly MD has a 1 year low of $0.88 and a 1 year high of $4.20.

Kindly MD (NASDAQ:KDLY) last released its earnings results on Tuesday, August 13th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $0.64 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kindly MD stock. Warberg Asset Management LLC bought a new stake in shares of Kindly MD, Inc. (NASDAQ:KDLY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,000 shares of the company’s stock, valued at approximately $30,000. Warberg Asset Management LLC owned approximately 0.19% of Kindly MD as of its most recent filing with the Securities and Exchange Commission.

About Kindly MD

KindlyMD Inc is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, including the recommendation of medical cannabis in patient treatment plans in compliance with a legalized state medical cannabis regulatory scheme.