Baird Medical Investment Holdings Limited (NASDAQ:BDMD) Sees Significant Growth in Short Interest

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 105,900 shares, an increase of 52.8% from the September 15th total of 69,300 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 300,900 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 300,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings 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 last quarter. XTX Topco Ltd bought a new position in shares of Baird Medical Investment during the 1st quarter valued at $111,000. Finally, Jane Street Group LLC purchased a new position in Baird Medical Investment in the 2nd quarter worth $142,000. 19.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Baird Medical Investment from a “hold” rating to a “sell” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Baird Medical Investment in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Baird Medical Investment Price Performance

Shares of NASDAQ BDMD opened at $1.43 on Friday. The stock’s 50-day moving average is $2.15 and its 200 day moving average is $3.61. Baird Medical Investment has a 1-year low of $1.05 and a 1-year high of $12.50.

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.