Short Interest in Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Drops By 45.2%

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 119,902 shares, a decline of 45.2% from the April 30th total of 218,817 shares. Based on an average daily volume of 219,779 shares, the short-interest ratio is presently 0.5 days. Currently, 1.4% of the shares of the company are sold short.

Baird Medical Investment Stock Down 1.5%

NASDAQ:BDMD traded down $0.02 during trading hours on Wednesday, hitting $1.32. The stock had a trading volume of 27,849 shares, compared to its average volume of 1,310,231. The company has a 50 day simple moving average of $1.78 and a two-hundred day simple moving average of $1.61. Baird Medical Investment has a one year low of $0.76 and a one year high of $7.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BDMD. Citadel Advisors LLC bought a new stake in Baird Medical Investment during the third quarter valued at approximately $99,000. Jane Street Group LLC bought a new position in shares of Baird Medical Investment in the 2nd quarter worth $142,000. Finally, Geode Capital Management LLC raised its position in shares of Baird Medical Investment by 59.7% during the 2nd quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after buying an additional 9,511 shares in the last quarter. 19.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BDMD has been the topic of a number of analyst reports. Weiss Ratings cut shares of Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 8th. Wall Street Zen upgraded Baird Medical Investment to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.