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

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 19,796 shares, a decline of 40.4% from the June 30th total of 33,197 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 68,010 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

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, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Baird Medical Investment

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in shares of Baird Medical Investment in the 3rd quarter worth $99,000. Jane Street Group LLC bought a new position in shares of Baird Medical Investment during the second quarter valued at about $142,000. Finally, Geode Capital Management LLC lifted 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 valued at $93,000 after purchasing an additional 9,511 shares in the last quarter. 19.78% of the stock is owned by hedge funds and other institutional investors.

Baird Medical Investment Stock Up 1.5%

Shares of NASDAQ:BDMD traded up $0.01 during mid-day trading on Thursday, hitting $1.04. 6,960 shares of the company traded hands, compared to its average volume of 980,135. Baird Medical Investment has a 12-month low of $0.76 and a 12-month high of $3.75. The stock has a 50-day moving average price of $1.21 and a two-hundred day moving average price of $1.53.

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.