Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Update

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 55,105 shares, a drop of 40.8% from the May 31st total of 93,029 shares. Based on an average daily volume of 104,817 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the shares of the stock are sold short.

Baird Medical Investment Price Performance

NASDAQ:BDMD remained flat at $1.18 during midday trading on Friday. 110,173 shares of the company were exchanged, compared to its average volume of 129,045. The business has a 50 day moving average of $1.45 and a two-hundred day moving average of $1.57. Baird Medical Investment has a 52 week low of $0.76 and a 52 week high of $4.25.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BDMD. Wall Street Zen upgraded shares of Baird Medical Investment to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings cut Baird Medical Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Baird Medical Investment presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in 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 $142,000. Finally, Geode Capital Management LLC boosted 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 buying an additional 9,511 shares during the last quarter. Hedge funds and other institutional investors own 19.78% of the company’s stock.

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.