Short Interest in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Decreases By 65.3%

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 43,500 shares, a decrease of 65.3% from the January 31st total of 125,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 655,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Meihua International Medical Technologies stock. Anson Funds Management LP raised its holdings in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,267,301 shares of the company’s stock after buying an additional 1,618,698 shares during the quarter. Anson Funds Management LP owned about 9.04% of Meihua International Medical Technologies worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.17% of the company’s stock.

Meihua International Medical Technologies Trading Down 6.7 %

Shares of NASDAQ:MHUA opened at $0.32 on Friday. The company has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.60. Meihua International Medical Technologies has a twelve month low of $0.25 and a twelve month high of $1.47.

Meihua International Medical Technologies Company Profile

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.