Short Interest in BIMI Holdings Inc. (NASDAQ:BIMI) Rises By 77.3%

BIMI Holdings Inc. (NASDAQ:BIMI) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 19,500 shares, an increase of 77.3% from the May 15th total of 11,000 shares. Based on an average daily trading volume, of 73,200 shares, the short-interest ratio is currently 0.3 days. Currently, 2.1% of the company’s shares are sold short.

Institutional Investors Weigh In On BIMI

An institutional investor recently bought a new position in BIMI stock. Hudson Bay Capital Management LP purchased a new position in BIMI Holdings Inc. (NASDAQ:BIMI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $295,000. Hudson Bay Capital Management LP owned approximately 1.73% of BIMI as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.11% of the company’s stock.

BIMI Trading Up 22.5 %

NASDAQ BIMI traded up $0.39 during trading hours on Friday, hitting $2.11. 1,363,360 shares of the company’s stock were exchanged, compared to its average volume of 116,739. The stock has a 50-day simple moving average of $1.24 and a 200 day simple moving average of $2.07. BIMI has a 1-year low of $0.95 and a 1-year high of $4.13.

BIMI Company Profile

BIMI Holdings Inc, together with its subsidiaries, engages in the retail and wholesale distribution of medical devices, and pharmaceutical and other healthcare products in the People's Republic of China. The company operates in four segments: Wholesale Pharmaceuticals, Wholesale Medical Devices, Medical Services, and Retail Pharmacies.