Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Up 1,752.8% in February

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 861,286 shares, a growth of 1,752.8% from the February 12th total of 46,485 shares. Approximately 15.4% of the company’s stock are short sold. Based on an average daily volume of 9,895,448 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 9,895,448 shares, the days-to-cover ratio is currently 0.1 days. Approximately 15.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BDMD shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Baird Medical Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Baird Medical Investment during the 2nd quarter valued at about $142,000. Citadel Advisors LLC acquired a new stake in Baird Medical Investment in the third quarter worth about $99,000. Finally, Geode Capital Management LLC grew its stake 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 worth $93,000 after acquiring an additional 9,511 shares during the last quarter. 19.78% of the stock is owned by institutional investors and hedge funds.

Baird Medical Investment Stock Down 4.2%

Shares of BDMD stock opened at $2.75 on Wednesday. Baird Medical Investment has a 12-month low of $0.76 and a 12-month high of $7.26. The business’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.66.

About Baird Medical Investment

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.