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

BIMI Holdings Inc. (NASDAQ:BIMI) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 16,700 shares, a decrease of 75.7% from the June 15th total of 68,600 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 101,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BIMI stock. Hudson Bay Capital Management LP acquired a new stake in shares of BIMI Holdings Inc. (NASDAQ:BIMI) in the third quarter, according to 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 owned by hedge funds and other institutional investors.

BIMI Trading Up 6.9 %

Shares of NASDAQ:BIMI traded up $0.09 on Thursday, hitting $1.40. The company had a trading volume of 4,826 shares, compared to its average volume of 68,296. The firm’s 50-day simple moving average is $1.28 and its two-hundred day simple moving average is $1.97. BIMI has a 1 year low of $1.01 and a 1 year high of $4.13.

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.