BIMI Holdings Inc. (NASDAQ:BIMI) Sees Large Decline in Short Interest

BIMI Holdings Inc. (NASDAQ:BIMI) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 7,100 shares, a decrease of 57.7% from the March 31st total of 16,800 shares. Based on an average daily trading volume, of 49,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.8% of the shares of the stock are sold short.

BIMI Trading Up 1.7 %

NASDAQ:BIMI traded up $0.02 during trading hours on Friday, reaching $1.21. 39,384 shares of the company were exchanged, compared to its average volume of 45,611. BIMI has a 1-year low of $0.71 and a 1-year high of $4.13. The business has a 50 day moving average of $2.36 and a 200 day moving average of $2.12.

Institutional Investors Weigh In On BIMI

An institutional investor recently bought a new position in BIMI stock. Hudson Bay Capital Management LP acquired a new stake in shares of BIMI Holdings Inc. (NASDAQ:BIMI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 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 SEC filing. 0.11% of the stock is currently owned by institutional investors and hedge funds.

About BIMI

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.