BIMI Holdings Inc. (NASDAQ:BIMI) Sees Large Decline in Short Interest

BIMI Holdings Inc. (NASDAQ:BIMI) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 7,100 shares, a decrease of 57.7% from the March 31st total of 16,800 shares. Based on an average daily trading volume, of 49,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.8% of the company’s stock are short sold.

BIMI Stock Up 1.7 %

Shares of BIMI stock traded up $0.02 during trading hours on Friday, reaching $1.21. 39,384 shares of the stock were exchanged, compared to its average volume of 45,611. The business’s fifty day moving average is $2.36 and its two-hundred day moving average is $2.12. BIMI has a 12-month low of $0.71 and a 12-month high of $4.13.

Institutional Trading of BIMI

A hedge fund recently bought a new stake in BIMI stock. Hudson Bay Capital Management LP acquired a new position in shares of BIMI Holdings Inc. (NASDAQ:BIMI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $295,000. Hudson Bay Capital Management LP owned approximately 1.73% of BIMI at the end of the most recent quarter. 0.11% of the stock is currently owned by institutional investors.

About BIMI

BIMI Holdings Inc, together with its subsidiaries, engages in the retail and wholesale distribution of medical devices, and pharmaceutical and other healthcare products in the People's Republic of China. The company operates in four segments: Wholesale Pharmaceuticals, Wholesale Medical Devices, Medical Services, and Retail Pharmacies.