Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Short Interest Up 677.4% in December

by · The Markets Daily

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 368,500 shares, a growth of 677.4% from the November 30th total of 47,400 shares. Approximately 3.6% of the shares of the company are sold short. Based on an average daily volume of 918,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Meihua International Medical Technologies

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

Meihua International Medical Technologies Stock Performance

Shares of NASDAQ MHUA traded up $0.01 during midday trading on Thursday, reaching $0.36. The stock had a trading volume of 149,207 shares, compared to its average volume of 707,055. Meihua International Medical Technologies has a 12-month low of $0.25 and a 12-month high of $2.81. The stock has a 50-day moving average of $0.57 and a 200-day moving average of $0.78.

Meihua International Medical Technologies Company Profile

(Get Free Report)

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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