Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Short Interest Update

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 92,000 shares, an increase of 3,438.5% from the May 31st total of 2,600 shares. Based on an average trading volume of 57,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Meihua International Medical Technologies

An institutional investor recently bought a new position in Meihua International Medical Technologies stock. Anson Funds Management LP acquired a new position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 370,949 shares of the company’s stock, valued at approximately $274,000. Anson Funds Management LP owned 1.48% of Meihua International Medical Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 1.17% of the company’s stock.

Meihua International Medical Technologies Stock Performance

Shares of NASDAQ:MHUA traded down $0.02 during mid-day trading on Friday, reaching $0.85. The stock had a trading volume of 58,319 shares, compared to its average volume of 106,973. The firm has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $0.94. Meihua International Medical Technologies has a twelve month low of $0.60 and a twelve month high of $3.99.

About Meihua International Medical Technologies

Meihua International Medical Technologies Co, Ltd. engages in the manufacture, sells, and marketing of medical consumables in the People's Republic of China. The company offers class I, II, and III disposable medical devices. Its products include non-bottled products, such as brushes and ID bracelets; and polyethylene bottled products, such as eye drop and tablet bottles, as well as electronic pumps.