Short Interest in Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Drops By 40.4%

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 19,796 shares, a decline of 40.4% from the June 30th total of 33,197 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 68,010 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BDMD. Geode Capital Management LLC raised its stake in shares of Baird Medical Investment by 59.7% in the 2nd quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after acquiring an additional 9,511 shares during the period. Citadel Advisors LLC bought a new stake in shares of Baird Medical Investment in the 3rd quarter worth about $99,000. Finally, Jane Street Group LLC acquired a new stake in Baird Medical Investment during the second quarter valued at approximately $142,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Baird Medical Investment Price Performance

Baird Medical Investment stock traded up $0.01 during trading on Friday, reaching $1.04. The company had a trading volume of 37,966 shares, compared to its average volume of 973,944. The stock’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.53. Baird Medical Investment has a 12-month low of $0.76 and a 12-month high of $3.75.

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.