Short Interest in Kindly MD, Inc. (NASDAQ:KDLY) Increases By 943.4%

Kindly MD, Inc. (NASDAQ:KDLY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 110,600 shares, an increase of 943.4% from the July 15th total of 10,600 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average daily trading volume, of 94,900 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Kindly MD

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

Kindly MD Price Performance

Shares of KDLY opened at $1.60 on Tuesday. The company has a 50-day moving average price of $2.42. Kindly MD has a one year low of $1.40 and a one year high of $4.20.

Kindly MD (NASDAQ:KDLY) last issued its earnings results on Thursday, June 27th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.83 million during the quarter.

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.