MESHU (NASDAQ:MESHU) Sees Large Increase in Short Interest

MESHU (NASDAQ:MESHU) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,164 shares, a growth of 1,663.6% from the June 15th total of 66 shares. Based on an average daily trading volume, of 385 shares, the days-to-cover ratio is presently 3.0 days.

Hedge Funds Weigh In On MESHU

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board acquired a new position in shares of MESHU during the 4th quarter worth approximately $100,000. Jane Street Group LLC acquired a new stake in MESHU during the 4th quarter valued at $129,000. Deltec Asset Management LLC purchased a new position in MESHU during the fourth quarter worth $200,000. Quarry LP purchased a new position in MESHU during the fourth quarter worth $250,000. Finally, Sandia Investment Management LP acquired a new position in shares of MESHU in the fourth quarter worth $250,000.

MESHU Price Performance

Shares of MESHU traded up $0.09 on Friday, reaching $10.18. The stock had a trading volume of 377 shares, compared to its average volume of 26,539. MESHU has a twelve month low of $9.95 and a twelve month high of $10.50. The company’s 50-day moving average is $10.10.