Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 125,400 shares, a decrease of 42.7% from the January 15th total of 218,900 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 689,600 shares, the short-interest ratio is presently 0.2 days.
Meihua International Medical Technologies Price Performance
NASDAQ MHUA traded up $0.02 during mid-day trading on Thursday, reaching $0.34. 184,113 shares of the stock were exchanged, compared to its average volume of 274,528. Meihua International Medical Technologies has a one year low of $0.25 and a one year high of $1.47. The stock has a 50 day simple moving average of $0.36 and a 200-day simple moving average of $0.64.
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 lifted its holdings in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Free Report) by 249.6% during the third quarter, according to its most recent 13F filing with the Securities and 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 at the end of the most recent quarter. 1.17% of the stock is currently owned by institutional investors and hedge funds.
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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