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

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 401,900 shares, an increase of 26.7% from the October 31st total of 317,100 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 764,200 shares, the short-interest ratio is currently 0.5 days.

Meihua International Medical Technologies Trading Up 2.3 %

Meihua International Medical Technologies stock traded up $0.01 during mid-day trading on Monday, hitting $0.54. The stock had a trading volume of 73,347 shares, compared to its average volume of 664,186. The firm’s 50 day moving average is $0.73 and its 200 day moving average is $0.81. Meihua International Medical Technologies has a one year low of $0.43 and a one year high of $2.81.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP grew its position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,267,301 shares of the company’s stock after acquiring an additional 1,618,698 shares during the quarter. Anson Funds Management LP owned about 9.04% of Meihua International Medical Technologies worth $2,313,000 at the end of the most recent reporting period. 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.