Short Interest in OneMedNet Corporation (NASDAQ:ONMD) Drops By 68.2%

OneMedNet Corporation (NASDAQ:ONMD - Get Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 134,674 shares, a decrease of 68.2% from the December 15th total of 423,841 shares. Based on an average trading volume of 484,008 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company's stock are sold short. Currently, 0.5% of the company's stock are sold short. Based on an average trading volume of 484,008 shares, the short-interest ratio is currently 0.3 days.Insider ActivityPalantir’s New Healthcare Deal Boosts AI and Data Reach In other OneMedNet news, Director Eric Casaburi purchased 10,000 shares of OneMedNet stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average price of $3.05 per share, for a total transaction of $30,500.00. Following the acquisition, the director owned 65,475 shares in the company, valued at $199,698.75. This trade represents a 18.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Green sold 64,767 shares of OneMedNet stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $2.23, for a total transaction of $144,430.41. Following the transaction, the chief executive officer directly owned 1,865,658 shares in the company, valued at approximately $4,160,417.34. The trade was a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 46.20% of the stock is owned by corporate insiders. Institutional Trading of OneMedNetA number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Correct Capital Wealth Management purchased a new stake in OneMedNet during the 3rd quarter valued at about $4,910,000. Exencial Wealth Advisors LLC lifted its holdings in shares of OneMedNet by 141.3% during the third quarter. Exencial Wealth Advisors LLC now owns 3,599,460 shares of the company's stock worth $3,923,000 after purchasing an additional 2,107,598 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in OneMedNet in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 0.95% of the company's stock. Analyst Upgrades and DowngradesSeveral equities research analysts have weighed in on ONMD shares. Weiss Ratings restated a "sell (d-)" rating on shares of OneMedNet in a research note on Friday. Wall Street Zen upgraded OneMedNet to a "hold" rating in a report on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".Read Our Latest Stock Report on OneMedNetOneMedNet Stock Up 4.4%ONMD stock opened at $1.18 on Tuesday. The stock has a market capitalization of $60.19 million, a PE ratio of -23.60 and a beta of 1.15. OneMedNet has a 52 week low of $0.30 and a 52 week high of $4.22. The firm has a 50 day moving average of $1.40 and a 200 day moving average of $1.22. OneMedNet (NASDAQ:ONMD - Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.18 million for 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. Featured ArticlesFive stocks we like better than OneMedNetElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyTicker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyThis stock gets a 94 out of 100This 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. 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