KindlyMD, Inc. (NASDAQ:NAKA) Short Interest Update

Key Points

• Short interest fell by 14.0% in March to 17,793,290 shares, representing about 4.3% of the company's stock sold short and a days-to-cover ratio of 3.4.
• Analyst sentiment is mixed—two Buys, one Hold and one Sell—yielding an average rating of Hold and an average target price of $4.25, while B. Riley cut its target to $0.50 and Weiss Ratings reiterated a Sell.
• Shares trade around $0.21 (a 52‑week low) with a market cap near $93.9M and an extremely high beta (31.40), reflecting pronounced volatility against a 52‑week high of $34.77.

KindlyMD, Inc. (NASDAQ:NAKA - Get Free Report) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 17,793,290 shares, a decrease of 14.0% from the February 26th total of 20,681,566 shares. Currently, 4.3% of the company's stock are sold short. Based on an average trading volume of 5,244,666 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Trading of KindlyMD

Hedge funds have recently added to or reduced their stakes in the business. Sagespring Wealth Partners LLC bought a new position in KindlyMD in the 4th quarter worth approximately $28,000. SG Americas Securities LLC bought a new stake in shares of KindlyMD in the fourth quarter valued at approximately $61,000. Virtu Financial LLC acquired a new stake in shares of KindlyMD in the fourth quarter worth $151,000. J. Derek Lewis & Associates Inc. bought a new position in KindlyMD during the fourth quarter worth $167,000. Finally, Truist Financial Corp bought a new position in KindlyMD during the fourth quarter worth $176,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NAKA shares. Weiss Ratings restated a "sell (e+)" rating on shares of KindlyMD in a report on Friday. B. Riley Financial lowered their price target on KindlyMD from $1.00 to $0.50 and set a "buy" rating on the stock in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.25.

KindlyMD Stock Up 1.6%

NAKA stock traded up $0.00 during mid-day trading on Tuesday, reaching $0.21. 970,278 shares of the stock traded hands, compared to its average volume of 5,244,755. KindlyMD has a 52 week low of $0.21 and a 52 week high of $34.77. The business has a 50-day moving average of $0.29 and a two-hundred day moving average of $0.57. The firm has a market capitalization of $93.86 million, a PE ratio of -0.19 and a beta of 31.40.

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. Kindly believes these methods will help prevent and reduce addiction and dependency on opiates. Our specialty outpatient clinical services are offered on a fee-for-service basis.

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