Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Short Interest Down 27.4% in March

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 625,024 shares, a decline of 27.4% from the February 26th total of 861,286 shares. Approximately 11.2% of the shares of the stock are sold short. Based on an average daily volume of 2,223,976 shares, the short-interest ratio is presently 0.3 days.

Baird Medical Investment Trading Down 0.5%

Shares of BDMD opened at $2.02 on Friday. Baird Medical Investment has a one year low of $0.76 and a one year high of $7.26. The company’s fifty day moving average price is $1.72 and its 200 day moving average price is $1.64.

Institutional Trading of Baird Medical Investment

Several hedge funds have recently added to or reduced their stakes in BDMD. Geode Capital Management LLC lifted its position in shares of Baird Medical Investment by 59.7% in the 2nd 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 period. Jane Street Group LLC bought a new stake in shares of Baird Medical Investment during the second quarter valued at approximately $142,000. Finally, Citadel Advisors LLC bought a new stake in shares of Baird Medical Investment during the third quarter valued at approximately $99,000. Institutional investors own 19.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Baird Medical Investment to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.