OneMedNet Corporation (NASDAQ:ONMD) Short Interest Update

OneMedNet Corporation (NASDAQ:ONMD - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 423,841 shares, an increase of 93.6% from the November 30th total of 218,963 shares. Based on an average trading volume of 763,417 shares, the short-interest ratio is presently 0.6 days. Currently, 1.5% of the company's shares are short sold. Currently, 1.5% of the company's shares are short sold. Based on an average trading volume of 763,417 shares, the short-interest ratio is presently 0.6 days.Wall Street Analysts Forecast GrowthPalantir’s New Healthcare Deal Boosts AI and Data Reach A number of analysts recently issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of OneMedNet in a research report on Tuesday, October 14th. Wall Street Zen raised shares of OneMedNet to a "hold" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OneMedNet presently has a consensus rating of "Sell".View Our Latest Report on ONMDInsider ActivityIn related news, Director Eric Casaburi acquired 10,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average cost of $3.05 per share, with a total value of $30,500.00. Following the purchase, the director directly owned 65,475 shares of the company's stock, valued at approximately $199,698.75. This trade represents a 18.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Green sold 64,767 shares of OneMedNet stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $2.23, for a total value of $144,430.41. Following the completion of the transaction, the chief executive officer owned 1,865,658 shares of the company's stock, valued at approximately $4,160,417.34. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 46.20% of the company's stock. Institutional Investors Weigh In On OneMedNetInstitutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in OneMedNet in the 3rd quarter worth about $25,000. Exencial Wealth Advisors LLC boosted its holdings in shares of OneMedNet by 3.1% in the second quarter. Exencial Wealth Advisors LLC now owns 1,491,862 shares of the company's stock valued at $851,000 after purchasing an additional 45,448 shares during the period. Finally, Correct Capital Wealth Management bought a new position in OneMedNet in the third quarter worth approximately $4,910,000. Institutional investors own 0.95% of the company's stock. OneMedNet Price PerformanceShares of ONMD stock traded down $0.06 on Friday, reaching $1.27. 505,833 shares of the company's stock were exchanged, compared to its average volume of 2,268,701. The company's fifty day simple moving average is $1.66 and its 200 day simple moving average is $1.16. OneMedNet has a 52 week low of $0.30 and a 52 week high of $4.22. OneMedNet (NASDAQ:ONMD - Get Free Report) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The business had revenue of $0.18 million during the quarter. About OneMedNet (Get Free Report)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. See AlsoFive stocks we like better than OneMedNetDo not delete, read immediatelyHow the Rich RetireINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in OneMedNet Right Now?Before you consider OneMedNet, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneMedNet wasn't on the list.While OneMedNet currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here