Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Up 23.5% in February

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 46,485 shares, an increase of 23.5% from the January 29th total of 37,632 shares. Based on an average daily volume of 138,220 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 138,220 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Baird Medical Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Baird Medical Investment has a consensus rating of “Sell”.

Hedge Funds Weigh In On Baird Medical Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of Baird Medical Investment during the 3rd quarter worth $99,000. Jane Street Group LLC purchased a new stake in shares of Baird Medical Investment in the 2nd quarter valued at approximately $142,000. Finally, 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 buying an additional 9,511 shares during the period. Institutional investors and hedge funds own 19.78% of the company’s stock.

Baird Medical Investment Price Performance

Shares of BDMD stock opened at $2.49 on Wednesday. Baird Medical Investment has a 52-week low of $0.76 and a 52-week high of $7.26. The business has a 50-day simple moving average of $1.34 and a 200-day simple moving average of $1.63.

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.