BOQI International Medical, Inc. (NASDAQ:BIMI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 34,500 shares, a decline of 25.5% from the August 15th total of 46,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 265,500 shares, the days-to-cover ratio is presently 0.1 days.
Several hedge funds have recently modified their holdings of BIMI. UBS Group AG purchased a new stake in shares of BOQI International Medical in the first quarter valued at approximately $34,000. CVI Holdings LLC acquired a new stake in BOQI International Medical in the second quarter valued at $89,000. Citadel Advisors LLC purchased a new stake in shares of BOQI International Medical during the 1st quarter worth $283,000. Renaissance Technologies LLC acquired a new position in shares of BOQI International Medical during the 2nd quarter worth $297,000. Finally, Virtu Financial LLC purchased a new position in shares of BOQI International Medical in the 2nd quarter valued at about $58,000. 1.87% of the stock is owned by institutional investors and hedge funds.
BIMI stock opened at $0.67 on Wednesday. The company has a fifty day moving average of $0.93 and a 200-day moving average of $1.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.74 and a current ratio of 0.93. BOQI International Medical has a one year low of $0.66 and a one year high of $4.09.
About BOQI International Medical
BIMI International Medical, Inc engages in the provision of healthcare products. It deals with the retail and wholesale of medical devices, pharmaceuticals, and other relates services. It intends to establish a chain of hospitals specializing in obstetrics and gynecology. The company was founded on October 31, 2000 and is headquartered in Chongqing, China.
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