TRxADE HEALTH, Inc. (NASDAQ:MEDS) Sees Significant Increase in Short Interest

TRxADE HEALTH, Inc. (NASDAQ:MEDSGet Free Report) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 70,600 shares, an increase of 923.2% from the June 15th total of 6,900 shares. Approximately 13.9% of the shares of the stock are short sold. Based on an average daily volume of 107,500 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On TRxADE HEALTH

An institutional investor recently bought a new position in TRxADE HEALTH stock. Virtu Financial LLC acquired a new stake in shares of TRxADE HEALTH, Inc. (NASDAQ:MEDSFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,617 shares of the company’s stock, valued at approximately $109,000. Virtu Financial LLC owned about 0.75% of TRxADE HEALTH at the end of the most recent quarter. 5.68% of the stock is owned by institutional investors.

TRxADE HEALTH Trading Up 8.4 %

MEDS stock traded up $1.42 during trading hours on Thursday, hitting $18.42. 132,593 shares of the stock traded hands, compared to its average volume of 259,685. The stock has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $8.80. TRxADE HEALTH has a one year low of $3.69 and a one year high of $44.56.

TRxADE HEALTH Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 19th will be given a $1.50 dividend. The ex-dividend date is Friday, July 19th.

TRxADE HEALTH Company Profile

(Get Free Report)

TRxADE HEALTH, Inc operates as a health services information technology (IT) company in the United States. The company focuses on digitalizing the retail pharmacy experience by optimizing drug procurement, prescription journey, and patient engagement; and designs, develops, owns, and operates a business-to-business web-based marketplace.

Recommended Stories

Receive News & Ratings for TRxADE HEALTH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRxADE HEALTH and related companies with MarketBeat.com's FREE daily email newsletter.