KindlyMD, Inc. (NASDAQ:NAKA) Short Interest Up 768.0% in September

Key Points

• Short interest in KindlyMD, Inc. (NASDAQ: NAKA) surged by 768.0% in September, with 12,760,000 shares short sold as of September 15th.
• Maxim Group initiated coverage with a "buy" rating and a price target of $8.00, reflecting a positive outlook on the stock.
• Currently, KindlyMD has a market cap of approximately $442.55 million and reported a revenue of just $0.41 million in its latest quarterly earnings.

KindlyMD, Inc. (NASDAQ:NAKA - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 12,760,000 shares, an increase of 768.0% from the August 31st total of 1,470,000 shares. Based on an average daily trading volume, of 7,270,000 shares, the short-interest ratio is presently 1.8 days. Approximately 3.6% of the shares of the stock are short sold. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,270,000 shares, the short-interest ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on KindlyMD in a research report on Wednesday, September 3rd. They set a "buy" rating and a $8.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $8.00.

KindlyMD Price Performance

Shares of NAKA opened at $1.07 on Wednesday. The company has a market cap of $442.55 million, a price-to-earnings ratio of -1.24 and a beta of 33.96. The company has a fifty day moving average price of $6.61. KindlyMD has a 52 week low of $0.65 and a 52 week high of $34.77.

KindlyMD (NASDAQ:NAKA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.34) earnings per share (EPS) for the quarter. KindlyMD had a negative return on equity of 131.09% and a negative net margin of 244.00%.The company had revenue of $0.41 million during the quarter.

About KindlyMD

Kindly MD, Inc (“KindlyMD” or “Kindly”) is a Utah company formed in 2019. KindlyMD is a healthcare data company, focused on holistic pain management and reducing the impact of the opioid epidemic. KindlyMD offers direct health care to patients integrating prescription medicine and behavioral health services to reduce opioid use in the chronic pain patient population.

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