Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Short Interest Down 42.7% in January

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) saw a large decrease in short interest in the month of 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. Based on an average daily volume of 689,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.2% of the shares of the company are sold short.

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 increased its position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,267,301 shares of the company’s stock after acquiring an additional 1,618,698 shares during the period. Anson Funds Management LP owned about 9.04% of Meihua International Medical Technologies worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.17% of the company’s stock.

Meihua International Medical Technologies Trading Up 4.9 %

NASDAQ:MHUA traded up $0.02 during mid-day trading on Thursday, hitting $0.34. The stock had a trading volume of 184,113 shares, compared to its average volume of 274,528. The company’s 50 day simple moving average is $0.36 and its 200 day simple moving average is $0.64. Meihua International Medical Technologies has a twelve month low of $0.25 and a twelve month high of $1.47.

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.