Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 62,600 shares, an increase of 309.2% from the August 31st total of 15,300 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 138,400 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 138,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold.
Meihua International Medical Technologies Trading Down 0.6%
Shares of NASDAQ:MHUA opened at $0.39 on Friday. Meihua International Medical Technologies has a twelve month low of $0.25 and a twelve month high of $1.17. The company has a 50-day moving average price of $0.40 and a two-hundred day moving average price of $0.38.
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Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Meihua International Medical Technologies in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Report on Meihua International Medical Technologies
Meihua International Medical Technologies Company Profile
(Get Free Report)
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.
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Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) Sees Significant Growth in Short Interest
