Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Significant Decrease in Short Interest

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 625,024 shares, a decline of 27.4% from the February 26th total of 861,286 shares. Approximately 11.2% of the shares of the stock are sold short. Based on an average daily volume of 2,223,976 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Baird Medical Investment

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings 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 worth $93,000 after buying an additional 9,511 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Baird Medical Investment in the 3rd quarter valued at about $99,000. Finally, Jane Street Group LLC purchased a new position in Baird Medical Investment in the second quarter worth about $142,000. 19.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Baird Medical Investment to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a research report on Tuesday, January 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Baird Medical Investment Stock Performance

Shares of BDMD opened at $2.02 on Friday. The company’s fifty day moving average is $1.72 and its 200 day moving average is $1.64. Baird Medical Investment has a fifty-two week low of $0.76 and a fifty-two week high of $7.26.

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.