Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Down 78.4% in January

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 37,632 shares, a decline of 78.4% from the January 15th total of 174,589 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 211,541 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 211,541 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Baird Medical Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in BDMD. Citadel Advisors LLC acquired a new position in Baird Medical Investment in the 3rd quarter valued at $99,000. Jane Street Group LLC bought a new position in shares of Baird Medical Investment in the second quarter worth $142,000. Finally, Geode Capital Management LLC raised its stake in Baird Medical Investment by 59.7% in the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after purchasing an additional 9,511 shares in the last quarter. 19.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BDMD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Baird Medical Investment in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Baird Medical Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Baird Medical Investment Price Performance

NASDAQ:BDMD opened at $0.91 on Wednesday. The stock has a 50 day simple moving average of $1.26 and a 200 day simple moving average of $1.68. Baird Medical Investment has a 1-year low of $0.89 and a 1-year high of $7.26.

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.