Short Interest in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Increases By 634.0%

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the target of a large 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. Based on an average trading volume of 629,200 shares, the short-interest ratio is currently 0.5 days. Currently, 3.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Meihua International Medical Technologies

A hedge fund recently bought a new stake in Meihua International Medical Technologies stock. Anson Funds Management LP acquired a new position in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 370,949 shares of the company’s stock, valued at approximately $274,000. Anson Funds Management LP owned about 1.48% of Meihua International Medical Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 1.17% of the company’s stock.

Meihua International Medical Technologies Stock Performance

NASDAQ MHUA traded up $0.01 on Tuesday, hitting $0.50. The stock had a trading volume of 261,622 shares, compared to its average volume of 649,535. The firm has a 50-day moving average of $0.87 and a 200-day moving average of $0.82. Meihua International Medical Technologies has a 52-week low of $0.45 and a 52-week high of $2.81.

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.