Short Interest in Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Decreases By 40.8%

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 55,105 shares, a decline of 40.8% from the May 31st total of 93,029 shares. Based on an average daily trading volume, of 104,817 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are sold short.

Baird Medical Investment Stock Up 6.2%

NASDAQ BDMD traded up $0.07 during trading hours on Thursday, reaching $1.20. The company’s stock had a trading volume of 29,899 shares, compared to its average volume of 1,121,679. Baird Medical Investment has a 1 year low of $0.76 and a 1 year high of $4.25. The firm’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.57.

Hedge Funds Weigh In On Baird Medical Investment

Several hedge funds have recently modified their holdings of BDMD. Citadel Advisors LLC bought a new position in shares of Baird Medical Investment during the third quarter worth $99,000. Jane Street Group LLC bought a new stake in Baird Medical Investment in the 2nd quarter valued at $142,000. Finally, Geode Capital Management LLC increased its holdings in Baird Medical Investment by 59.7% in 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 during the last quarter. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Wall Street Analyst Weigh In

BDMD has been the subject of several analyst reports. Weiss Ratings lowered shares of Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Baird Medical Investment to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Baird Medical Investment presently has an average rating of “Sell”.

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.