MESHU (NASDAQ:MESHU – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 113 shares, a growth of 71.2% from the May 14th total of 66 shares. Based on an average daily volume of 192 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Trading of MESHU
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new stake in MESHU during the 4th quarter valued at approximately $17,560,000. MMCAP International Inc. SPC bought a new position in shares of MESHU during the 4th quarter worth approximately $15,000,000. Glazer Capital LLC bought a new position in shares of MESHU during the 4th quarter worth approximately $13,500,000. Polar Asset Management Partners Inc. bought a new position in shares of MESHU during the 4th quarter worth approximately $13,500,000. Finally, Magnetar Financial LLC bought a new position in shares of MESHU during the 4th quarter worth approximately $12,500,000.
MESHU Price Performance
NASDAQ:MESHU remained flat at $10.07 on Tuesday. The company has a fifty day simple moving average of $10.06. MESHU has a 52 week low of $9.95 and a 52 week high of $10.50.
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