Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Update

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 55,105 shares, a drop of 40.8% from the May 31st total of 93,029 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 104,817 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Baird Medical Investment

A number of hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Baird Medical Investment during the 3rd quarter worth approximately $99,000. Jane Street Group LLC acquired a new position in shares of Baird Medical Investment in the second quarter valued at $142,000. Finally, Geode Capital Management LLC raised its stake in shares of Baird Medical Investment by 59.7% in the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after purchasing an additional 9,511 shares in the last quarter. Institutional investors own 19.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BDMD shares. Wall Street Zen raised Baird Medical Investment to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings lowered Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Baird Medical Investment has an average rating of “Sell”.

Baird Medical Investment Stock Up 3.8%

Shares of NASDAQ BDMD traded up $0.04 during mid-day trading on Wednesday, hitting $1.19. The company had a trading volume of 40,438 shares, compared to its average volume of 1,130,007. Baird Medical Investment has a 12 month low of $0.76 and a 12 month high of $4.25. The business’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.57.

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.