Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Up 52.8% in September

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 105,900 shares, a growth of 52.8% from the September 15th total of 69,300 shares. Based on an average daily trading volume, of 300,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 300,900 shares, the days-to-cover ratio is presently 0.4 days.

Baird Medical Investment Price Performance

NASDAQ BDMD opened at $1.52 on Thursday. Baird Medical Investment has a 1 year low of $1.05 and a 1 year high of $12.50. The business’s 50-day moving average is $2.17 and its 200 day moving average is $3.64.

Analyst Upgrades and Downgrades

BDMD has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Baird Medical Investment in a research note on Wednesday, October 8th. Wall Street Zen cut Baird Medical Investment from a “hold” rating to a “sell” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Baird Medical Investment

Several large investors have recently modified their holdings of BDMD. Geode Capital Management LLC grew its stake in shares of Baird Medical Investment by 59.7% in 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 during the last quarter. XTX Topco Ltd bought a new stake in shares of Baird Medical Investment in the first quarter worth about $111,000. Finally, Jane Street Group LLC bought a new stake in shares of Baird Medical Investment in the second quarter worth about $142,000. 19.78% of the stock is owned by institutional investors.

Baird Medical Investment Company Profile

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.