Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Significant Decrease in Short Interest

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

Institutional Investors Weigh In On Baird Medical Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BDMD. Citadel Advisors LLC purchased a new stake in Baird Medical Investment in the 3rd quarter worth approximately $99,000. Jane Street Group LLC purchased a new stake in Baird Medical Investment in the 2nd quarter worth approximately $142,000. Finally, Geode Capital Management LLC increased its holdings in Baird Medical Investment by 59.7% in the 2nd quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock worth $93,000 after acquiring an additional 9,511 shares in the last quarter. 19.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on BDMD

Baird Medical Investment Price Performance

NASDAQ BDMD opened at $1.64 on Wednesday. Baird Medical Investment has a 52 week low of $0.76 and a 52 week high of $7.26. The company has a 50-day moving average price of $1.91 and a 200-day moving average price of $1.59.

Baird Medical Investment Company Profile

(Get Free Report)

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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