Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Short Interest Update

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 91,700 shares, a drop of 75.1% from the December 31st total of 368,500 shares. Based on an average daily volume of 923,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of Meihua International Medical Technologies

An institutional investor recently raised its position in Meihua International Medical Technologies stock. Anson Funds Management LP boosted its position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% in the third quarter, according to the company in 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 purchasing an additional 1,618,698 shares during the period. Anson Funds Management LP owned approximately 9.04% of Meihua International Medical Technologies worth $2,313,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.17% of the company’s stock.

Meihua International Medical Technologies Price Performance

Shares of NASDAQ MHUA traded down $0.01 on Tuesday, hitting $0.32. The company had a trading volume of 343,618 shares, compared to its average volume of 331,560. Meihua International Medical Technologies has a 12-month low of $0.25 and a 12-month high of $1.47. The business has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.69.

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.