Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Down 40.4% in July

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 19,796 shares, a decrease of 40.4% from the June 30th total of 33,197 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 68,010 shares, the short-interest ratio is presently 0.3 days.

Baird Medical Investment Stock Up 1.5%

NASDAQ:BDMD traded up $0.01 on Thursday, hitting $1.04. The stock had a trading volume of 6,960 shares, compared to its average volume of 980,135. Baird Medical Investment has a 52 week low of $0.76 and a 52 week high of $3.75. The business’s fifty day moving average is $1.21 and its 200 day moving average is $1.53.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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.com, Baird Medical Investment presently has an average rating of “Sell”.

Hedge Funds Weigh In On Baird Medical Investment

A number of large investors have recently modified their holdings of BDMD. Citadel Advisors LLC acquired a new stake in Baird Medical Investment in the 3rd quarter valued at $99,000. Jane Street Group LLC bought a new stake in Baird Medical Investment during the 2nd quarter valued at $142,000. Finally, Geode Capital Management LLC raised its holdings in 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 buying an additional 9,511 shares during the last quarter. 19.78% of the stock is currently owned by institutional investors.

Baird Medical Investment Company Profile

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.