MESHU (NASDAQ:MESHU) Short Interest Down 87.2% in May

MESHU (NASDAQ:MESHUGet Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 66 shares, a drop of 87.2% from the April 30th total of 516 shares. Based on an average daily trading volume, of 3,851 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Deltec Asset Management LLC acquired a new position in shares of MESHU during the fourth quarter worth about $200,000. Wolverine Asset Management LLC acquired a new stake in shares of MESHU in the 4th quarter worth approximately $600,000. ABC Arbitrage SA acquired a new stake in shares of MESHU in the 4th quarter worth approximately $400,000. Wealthspring Capital LLC acquired a new stake in shares of MESHU in the 4th quarter worth approximately $5,000,000. Finally, MMCAP International Inc. SPC acquired a new stake in shares of MESHU in the 4th quarter worth approximately $15,000,000.

MESHU Stock Performance

MESHU traded up $0.03 on Thursday, hitting $10.07. MESHU has a twelve month low of $9.95 and a twelve month high of $10.50. The company has a fifty day simple moving average of $10.03.

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