Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) was the target of a large drop in short interest in 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. Based on an average trading volume of 655,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.
Meihua International Medical Technologies Stock Up 1.9 %
MHUA traded up $0.01 on Friday, hitting $0.33. The company had a trading volume of 82,734 shares, compared to its average volume of 640,899. The company’s fifty day moving average price is $0.33 and its 200 day moving average price is $0.60. Meihua International Medical Technologies has a 1-year low of $0.25 and a 1-year high of $1.47.
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 increased its stake in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Free Report) by 249.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,267,301 shares of the company’s stock after purchasing an additional 1,618,698 shares during the quarter. 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. Institutional investors and hedge funds own 1.17% of the company’s stock.
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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