Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Large Increase in Short Interest

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 46,485 shares, an increase of 23.5% from the January 29th total of 37,632 shares. Based on an average daily volume of 138,220 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 138,220 shares, the days-to-cover ratio is presently 0.3 days.

Baird Medical Investment Stock Up 38.2%

NASDAQ BDMD opened at $3.44 on Thursday. Baird Medical Investment has a 52 week low of $0.76 and a 52 week high of $7.26. The company has a fifty day moving average of $1.38 and a two-hundred day moving average of $1.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BDMD shares. Weiss Ratings reissued a “sell (d)” rating on shares of Baird Medical Investment in a research note on Tuesday, January 27th. Wall Street Zen raised shares of Baird Medical Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Baird Medical Investment presently has an average rating of “Sell”.

Hedge Funds Weigh In On Baird Medical Investment

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in Baird Medical Investment in the 3rd quarter worth about $99,000. Jane Street Group LLC purchased a new position in shares of Baird Medical Investment during the second quarter valued at approximately $142,000. Finally, Geode Capital Management LLC grew its stake in shares of Baird Medical Investment by 59.7% during the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after buying an additional 9,511 shares during the last quarter. 19.78% of the stock is currently owned by institutional investors.

About Baird Medical Investment

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.