BIMI Holdings Inc. (NASDAQ:BIMI) Short Interest Down 57.7% in April

BIMI Holdings Inc. (NASDAQ:BIMI) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 7,100 shares, a decline of 57.7% from the March 31st total of 16,800 shares. Based on an average daily trading volume, of 49,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On BIMI

An institutional investor recently bought a new position in BIMI stock. Hudson Bay Capital Management LP purchased a new stake in shares of BIMI Holdings Inc. (NASDAQ:BIMI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company’s stock, valued at approximately $295,000. Hudson Bay Capital Management LP owned approximately 1.73% of BIMI as of its most recent SEC filing. Hedge funds and other institutional investors own 0.11% of the company’s stock.

BIMI Stock Up 3.4 %

BIMI stock traded up $0.04 during mid-day trading on Friday, reaching $1.23. 40,987 shares of the company traded hands, compared to its average volume of 69,115. The firm’s 50 day moving average price is $2.33 and its 200 day moving average price is $2.12. BIMI has a 52-week low of $0.71 and a 52-week high of $4.13.

BIMI Company Profile

BIMI Holdings Inc, together with its subsidiaries, engages in the retail and wholesale distribution of medical devices, and pharmaceutical and other healthcare products in the People's Republic of China. The company operates in four segments: Wholesale Pharmaceuticals, Wholesale Medical Devices, Medical Services, and Retail Pharmacies.