Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Large Drop in Short Interest

by · The Cerbat Gem

Baird Medical Investment Holdings Limited (NASDAQ:BDMD – Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 218,817 shares, a decline of 34.1% from the April 15th total of 331,842 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily volume of 207,356 shares, the short-interest ratio is presently 1.1 days.

Baird Medical Investment Stock Performance

Shares of BDMD opened at $1.67 on Monday. Baird Medical Investment has a one year low of $0.76 and a one year high of $7.26. The company has a 50-day moving average of $1.97 and a two-hundred day moving average of $1.59.

Institutional Trading of Baird Medical Investment

Several institutional investors have recently made changes to their positions in BDMD. Geode Capital Management LLC boosted its holdings in shares of Baird Medical Investment by 59.7% during the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock worth $93,000 after purchasing an additional 9,511 shares during the period. Jane Street Group LLC acquired a new stake in shares of Baird Medical Investment during the second quarter worth approximately $142,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Baird Medical Investment during the third quarter worth approximately $99,000. 19.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Baird Medical Investment Company Profile

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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.

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