Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 43,500 shares, a drop of 65.3% from the January 31st total of 125,400 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 655,200 shares, the days-to-cover ratio is presently 0.1 days.
Meihua International Medical Technologies Trading Up 1.9 %
NASDAQ MHUA traded up $0.01 during trading on Friday, reaching $0.33. 82,734 shares of the company’s stock were exchanged, compared to its average volume of 640,899. Meihua International Medical Technologies has a fifty-two week low of $0.25 and a fifty-two week high of $1.47. The company’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.60.
Institutional Investors Weigh In On Meihua International Medical Technologies
A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP raised its position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Free Report) by 249.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,267,301 shares of the company’s stock after purchasing an additional 1,618,698 shares during the period. Anson Funds Management LP owned 9.04% of Meihua International Medical Technologies worth $2,313,000 as of its most recent SEC filing. 1.17% of the stock is owned by hedge funds and other institutional investors.
About Meihua International Medical Technologies
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.
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