Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Update

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 55,105 shares, a decrease of 40.8% from the May 31st total of 93,029 shares. Based on an average daily volume of 104,817 shares, the short-interest ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are short sold.

Baird Medical Investment Price Performance

NASDAQ BDMD traded up $0.04 during trading on Wednesday, hitting $1.19. 40,438 shares of the company traded hands, compared to its average volume of 1,130,007. Baird Medical Investment has a 12 month low of $0.76 and a 12 month high of $4.25. The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.57.

Institutional Investors Weigh In On Baird Medical Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Baird Medical Investment by 59.7% during the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock worth $93,000 after purchasing an additional 9,511 shares during the period. Jane Street Group LLC acquired a new stake in shares of Baird Medical Investment in the second quarter worth $142,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Baird Medical Investment in the third quarter worth $99,000. 19.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Baird Medical Investment to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings downgraded Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Baird Medical Investment Company Profile

Baird Medical Investment Holdings Ltd. is a medical technology company, which engages in the development and provision of medical devices. It is also involved in the design, development, manufacturing, and sale of microwave ablation medical devices, as well as sale of other medical devices. The company was founded on June 16, 2023 and is headquartered in Guangzhou, China.