Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Large Drop in Short Interest

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 2,223,976 shares, the short-interest ratio is presently 0.3 days. Approximately 11.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Baird Medical Investment

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Baird Medical Investment during the second quarter worth about $142,000. Citadel Advisors LLC bought a new stake in Baird Medical Investment in the 3rd quarter valued at approximately $99,000. Finally, Geode Capital Management LLC boosted its position in Baird Medical Investment by 59.7% during 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 last quarter. 19.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BDMD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Baird Medical Investment in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Baird Medical Investment to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Baird Medical Investment has an average rating of “Sell”.

Baird Medical Investment Stock Down 0.5%

Shares of BDMD stock opened at $2.02 on Friday. The stock has a 50-day moving average of $1.72 and a 200-day moving average of $1.64. Baird Medical Investment has a one year low of $0.76 and a one year high of $7.26.

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.