Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Down 39.8% in June

Baird Medical Investment Holdings Limited (NASDAQ:BDMD – Get Free Report) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 33,197 shares, a decrease of 39.8% from the June 15th total of 55,105 shares. Based on an average daily trading volume, of 171,545 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Baird Medical Investment presently has an average rating of “Sell”.

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Baird Medical Investment Stock Performance

Shares of BDMD stock traded down $0.05 during trading hours on Thursday, hitting $1.06. The company had a trading volume of 20,411 shares, compared to its average volume of 1,050,662. Baird Medical Investment has a fifty-two week low of $0.76 and a fifty-two week high of $3.75. The company’s fifty day moving average is $1.34 and its 200 day moving average is $1.55.

Institutional Investors Weigh In On Baird Medical Investment

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in shares of Baird Medical Investment during the third quarter worth approximately $99,000. Jane Street Group LLC acquired a new stake in shares of Baird Medical Investment in the 2nd quarter valued at about $142,000. Finally, Geode Capital Management LLC grew its position 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 acquiring an additional 9,511 shares during the last quarter. Hedge funds and other institutional investors own 19.78% of the company’s stock.

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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