MESHU (NASDAQ:MESHU) Short Interest Up 1,663.6% in June

MESHU (NASDAQ:MESHU) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,164 shares, a growth of 1,663.6% from the June 15th total of 66 shares. Based on an average daily volume of 385 shares, the short-interest ratio is currently 3.0 days.

MESHU Stock Performance

Shares of NASDAQ:MESHU traded up $0.09 during midday trading on Friday, reaching $10.18. The company’s stock had a trading volume of 377 shares, compared to its average volume of 26,539. The stock’s fifty day simple moving average is $10.10. MESHU has a fifty-two week low of $9.95 and a fifty-two week high of $10.50.

Institutional Investors Weigh In On MESHU

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP acquired a new position in shares of MESHU during the fourth quarter worth approximately $17,560,000. MMCAP International Inc. SPC acquired a new stake in shares of MESHU in the fourth quarter valued at approximately $15,000,000. Glazer Capital LLC bought a new position in MESHU in the 4th quarter worth approximately $13,500,000. Polar Asset Management Partners Inc. bought a new position in MESHU in the 4th quarter worth approximately $13,500,000. Finally, Magnetar Financial LLC acquired a new position in MESHU during the 4th quarter worth $12,500,000.