Short Interest in Kindly MD, Inc. (NASDAQ:KDLY) Declines By 19.1%

Kindly MD, Inc. (NASDAQ:KDLY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 166,000 shares, a decline of 19.1% from the November 30th total of 205,200 shares. Based on an average daily trading volume, of 533,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 8.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Kindly MD

A number of hedge funds have recently modified their holdings of KDLY. Torno Capital LLC bought a new position in Kindly MD during the second quarter worth about $57,000. Townsquare Capital LLC purchased a new position in Kindly MD in the 3rd quarter valued at approximately $736,000. Finally, Warberg Asset Management LLC bought a new stake in Kindly MD during the 2nd quarter valued at $30,000.

Kindly MD Stock Performance

NASDAQ KDLY traded up $0.04 during trading hours on Friday, reaching $1.15. 70,600 shares of the company were exchanged, compared to its average volume of 287,806. Kindly MD has a 1 year low of $0.65 and a 1 year high of $4.20. The business’s 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.58.

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.