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

OneMedNet Co. (NASDAQ:ONMD) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 319,400 shares, an increase of 232.4% from the March 31st total of 96,100 shares. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.1% of the shares of the stock are sold short.

OneMedNet Stock Down 3.3 %

OneMedNet stock opened at $0.56 on Friday. The company has a market capitalization of $13.36 million, a P/E ratio of -2.95 and a beta of -0.55. OneMedNet has a 12 month low of $0.42 and a 12 month high of $13.51. The company has a 50-day moving average price of $0.76.

Institutional Investors Weigh In On OneMedNet

An institutional investor recently bought a new position in OneMedNet stock. PNC Financial Services Group Inc. acquired a new stake in OneMedNet Co. (NASDAQ:ONMD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned 0.74% of OneMedNet as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.95% of the company’s stock.

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.