BIMI Holdings Inc. (NASDAQ:BIMI) Short Interest Update

BIMI Holdings Inc. (NASDAQ:BIMI) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 16,800 shares, a drop of 5.6% from the March 15th total of 17,800 shares. Based on an average daily volume of 37,500 shares, the short-interest ratio is currently 0.4 days. Currently, 1.8% of the shares of the company are short sold.

BIMI Trading Up 21.4 %

Shares of NASDAQ:BIMI opened at $1.59 on Wednesday. BIMI has a 52-week low of $0.56 and a 52-week high of $4.13. The company has a 50-day simple moving average of $2.58 and a 200 day simple moving average of $2.14.

Institutional Investors Weigh In On BIMI

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in BIMI during the second quarter worth approximately $52,000. Renaissance Technologies LLC lifted its position in BIMI by 521.4% during the first quarter. Renaissance Technologies LLC now owns 166,806 shares of the company’s stock worth $230,000 after acquiring an additional 139,962 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in BIMI during the third quarter worth approximately $295,000. 0.11% of the stock is currently owned by institutional investors and hedge funds.

BIMI Company Profile

BIMI Holdings 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. The company operates in four segments: Wholesale Pharmaceuticals, Wholesale Medical Devices, Medical Services, and Retail Pharmacies.