Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Short Interest Down 59.4% in March

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 19,800 shares, a decrease of 59.4% from the February 28th total of 48,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 390,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP raised its stake in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 9.04% of Meihua International Medical Technologies worth $2,313,000 at the end of the most recent quarter. 1.17% of the stock is currently owned by hedge funds and other institutional investors.

Meihua International Medical Technologies Stock Performance

MHUA stock traded down $0.01 during midday trading on Friday, hitting $0.34. 189,988 shares of the stock were exchanged, compared to its average volume of 634,021. The stock’s 50-day moving average price is $0.33 and its 200-day moving average price is $0.53. Meihua International Medical Technologies has a fifty-two week low of $0.25 and a fifty-two week 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.