Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Significant Decline in Short Interest

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 33,197 shares, a decrease of 39.8% from the June 15th total of 55,105 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 171,545 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Baird Medical Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BDMD. Citadel Advisors LLC purchased a new stake in Baird Medical Investment in the third quarter worth about $99,000. Jane Street Group LLC acquired a new stake in Baird Medical Investment in the second quarter valued at approximately $142,000. Finally, Geode Capital Management LLC increased its position in shares of Baird Medical Investment by 59.7% during the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock worth $93,000 after purchasing an additional 9,511 shares in the last quarter. Institutional investors own 19.78% of the company’s stock.

Baird Medical Investment Stock Down 1.0%

NASDAQ BDMD traded down $0.01 on Friday, hitting $1.04. 22,759 shares of the stock were exchanged, compared to its average volume of 1,043,439. Baird Medical Investment has a 52-week low of $0.76 and a 52-week high of $3.75. The stock has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $1.55.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.