Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 19,800 shares, a drop of 59.4% from the February 28th total of 48,800 shares. Based on an average trading volume of 390,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On Meihua International Medical Technologies
A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP raised its position in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Free Report) by 249.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,267,301 shares of the company’s stock after acquiring an additional 1,618,698 shares during the quarter. Anson Funds Management LP owned approximately 9.04% of Meihua International Medical Technologies worth $2,313,000 at the end of the most recent quarter. 1.17% of the stock is owned by institutional investors and hedge funds.
Meihua International Medical Technologies Stock Performance
MHUA stock traded down $0.01 during midday trading on Friday, hitting $0.34. The company had a trading volume of 189,988 shares, compared to its average volume of 634,021. Meihua International Medical Technologies has a 52 week low of $0.25 and a 52 week high of $1.47. The stock’s 50 day moving average price is $0.33 and its 200 day moving average price is $0.53.
Meihua International Medical Technologies Company Profile
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.
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