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

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the recipient of a significant growth in short interest during 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 shares are sold short. Based on an average trading volume of 629,200 shares, the short-interest ratio is currently 0.5 days.

Meihua International Medical Technologies Price Performance

Shares of MHUA stock traded up $0.02 during trading hours on Wednesday, hitting $0.52. 290,320 shares of the company’s stock traded hands, compared to its average volume of 647,902. The stock’s 50 day simple moving average is $0.85 and its 200 day simple moving average is $0.82. Meihua International Medical Technologies has a 12 month low of $0.45 and a 12 month high of $2.81.

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 shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 370,949 shares of the company’s stock, valued at approximately $274,000. Anson Funds Management LP owned 1.48% of Meihua International Medical Technologies as of its most recent SEC filing. Institutional investors own 1.17% of the company’s stock.

About Meihua International Medical Technologies

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.