Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Sees Significant Growth in Short Interest

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 62,600 shares, an increase of 309.2% from the August 31st total of 15,300 shares. Based on an average daily trading volume, of 138,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 138,400 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Meihua International Medical Technologies in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Meihua International Medical Technologies has an average rating of “Sell”.

Meihua International Medical Technologies Trading Down 0.6%

NASDAQ MHUA opened at $0.39 on Friday. Meihua International Medical Technologies has a 1 year low of $0.25 and a 1 year high of $1.17. The company has a fifty day moving average price of $0.40 and a 200-day moving average price of $0.38.

About Meihua International Medical Technologies

Meihua International Medical Technologies Co, Ltd. engages in the manufacture, sells, and marketing of medical consumables in the People's Republic of China. The company offers class I, II, and III disposable medical devices. Its products include non-bottled products, such as brushes and ID bracelets; and polyethylene bottled products, such as eye drop and tablet bottles, as well as electronic pumps.