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

BIMI Holdings Inc. (NASDAQ:BIMI) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totalling 16,700 shares, a drop of 75.7% from the June 15th total of 68,600 shares. Based on an average daily trading volume, of 101,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.9% of the shares of the stock are sold short.

BIMI Trading Up 6.9 %

Shares of NASDAQ:BIMI traded up $0.09 during midday trading on Thursday, reaching $1.40. 4,826 shares of the company’s stock traded hands, compared to its average volume of 68,296. BIMI has a 1 year low of $1.01 and a 1 year high of $4.13. The company has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $1.97.

Institutional Inflows and Outflows

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

BIMI Company Profile

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.