Short Interest in BIMI International Medical Inc. (NASDAQ:BIMI) Grows By 16.8%

BIMI International Medical Inc. (NASDAQ:BIMIGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 408,300 shares, a growth of 16.8% from the March 31st total of 349,500 shares. Based on an average daily trading volume, of 346,100 shares, the short-interest ratio is currently 1.2 days. Approximately 4.1% of the company’s shares are sold short.

Several hedge funds have recently made changes to their positions in BIMI. Hudson Bay Capital Management LP bought a new position in BIMI International Medical during the 3rd quarter valued at $250,000. CVI Holdings LLC raised its stake in shares of BIMI International Medical by 314.3% during the 3rd quarter. CVI Holdings LLC now owns 274,442 shares of the company’s stock worth $197,000 after purchasing an additional 208,197 shares during the period. Renaissance Technologies LLC raised its stake in BIMI International Medical by 93.6% in the 3rd quarter. Renaissance Technologies LLC now owns 429,776 shares of the company’s stock valued at $309,000 after acquiring an additional 207,831 shares during the period. Finally, Citadel Advisors LLC raised its stake in BIMI International Medical by 86.8% in the 3rd quarter. Citadel Advisors LLC now owns 60,842 shares of the company’s stock valued at $44,000 after acquiring an additional 28,263 shares during the period. 20.32% of the stock is owned by institutional investors.

NASDAQ BIMI opened at $1.00 on Wednesday. The company has a 50-day moving average of $1.17. BIMI International Medical has a 12 month low of $0.94 and a 12 month high of $13.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.84 and a current ratio of 0.96.

BIMI International Medical Company Profile (Get Rating)

BIMI International Medical Inc, together with its subsidiaries, engages in the retail and wholesale distribution of medical devices, and pharmaceutical and other healthcare products in the People's Republic of China. It offers prescription and over-the-counter drugs, nutritional supplements, health foods, and sundry products, as well as traditional Chinese medicines, personal and family care products, and miscellaneous items under the Lijiantang Pharmacy brand name.

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