Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Sees Large Growth in Short Interest

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 317,100 shares, a growth of 634.0% from the October 15th total of 43,200 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 629,200 shares, the days-to-cover ratio is currently 0.5 days.

Meihua International Medical Technologies Trading Up 3.6 %

NASDAQ:MHUA traded up $0.02 during trading hours on Wednesday, reaching $0.52. The company had a trading volume of 290,320 shares, compared to its average volume of 647,902. The business’s 50-day simple moving average is $0.85 and its two-hundred day simple moving average is $0.82. Meihua International Medical Technologies has a twelve month low of $0.45 and a twelve month high of $2.81.

Institutional Investors Weigh In On Meihua International Medical Technologies

An institutional investor recently bought a new position in Meihua International Medical Technologies stock. Anson Funds Management LP acquired a new stake in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 370,949 shares of the company’s stock, valued at approximately $274,000. Anson Funds Management LP owned approximately 1.48% of Meihua International Medical Technologies at the end of the most recent quarter. 1.17% of the stock is owned by institutional investors and hedge funds.

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.