MESHU (NASDAQ:MESHU – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 129 shares, a drop of 78.6% from the July 30th total of 604 shares. Based on an average daily volume of 1,005 shares, the short-interest ratio is presently 0.1 days.
MESHU Price Performance
MESHU remained flat at $10.13 during midday trading on Thursday. The company has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $10.06. MESHU has a 52-week low of $9.95 and a 52-week high of $10.50.
Hedge Funds Weigh In On MESHU
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in MESHU in the fourth quarter valued at approximately $600,000. ABC Arbitrage SA bought a new position in MESHU during the 4th quarter worth approximately $400,000. Wealthspring Capital LLC acquired a new position in shares of MESHU in the 4th quarter worth approximately $5,000,000. MMCAP International Inc. SPC acquired a new position in shares of MESHU in the 4th quarter worth approximately $15,000,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of MESHU in the 4th quarter valued at $6,086,000.
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