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

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

Baird Medical Investment Stock Down 4.3%

Shares of BDMD stock traded down $0.05 during mid-day trading on Thursday, reaching $1.06. 20,411 shares of the company were exchanged, compared to its average volume of 1,050,662. The business’s 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.55. Baird Medical Investment has a fifty-two week low of $0.76 and a fifty-two week high of $3.75.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Baird Medical Investment

A number of institutional investors have recently made changes to their positions in BDMD. Geode Capital Management LLC raised its position in shares of Baird Medical Investment by 59.7% during the 2nd quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after acquiring an additional 9,511 shares in the last quarter. Jane Street Group LLC acquired a new position in Baird Medical Investment in the second quarter worth $142,000. Finally, Citadel Advisors LLC acquired a new position in Baird Medical Investment in the third quarter worth $99,000. 19.78% of the stock is currently owned by institutional investors.

About Baird Medical Investment

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.