Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Down 45.2% in May

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 119,902 shares, a decrease of 45.2% from the April 30th total of 218,817 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 219,779 shares, the days-to-cover ratio is currently 0.5 days.

Baird Medical Investment Price Performance

Baird Medical Investment stock opened at $1.34 on Thursday. Baird Medical Investment has a 52-week low of $0.76 and a 52-week high of $7.26. The firm has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $1.61.

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 business. Geode Capital Management LLC raised its stake in 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 bought a new position in Baird Medical Investment in the 2nd quarter valued at about $142,000. Finally, Citadel Advisors LLC bought a new stake in shares of Baird Medical Investment in the 3rd quarter worth $99,000. 19.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BDMD. Weiss Ratings lowered 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 Baird Medical Investment to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.