Nature’s Miracle Holding Inc. (NASDAQ:NMHI) Short Interest Update

Nature’s Miracle Holding Inc. (NASDAQ:NMHI) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 154,900 shares, a decline of 27.2% from the October 15th total of 212,900 shares. Based on an average daily volume of 11,720,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Nature’s Miracle

A hedge fund recently bought a new stake in Nature’s Miracle stock. MMCAP International Inc. SPC purchased a new position in shares of Nature’s Miracle Holding Inc. (NASDAQ:NMHI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,000 shares of the company’s stock, valued at approximately $42,000. MMCAP International Inc. SPC owned 0.17% of Nature’s Miracle as of its most recent SEC filing. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Nature’s Miracle Stock Down 21.1 %

Shares of NMHI traded down $0.03 during mid-day trading on Thursday, reaching $0.11. The company had a trading volume of 30,180,855 shares, compared to its average volume of 12,753,497. Nature’s Miracle has a 52-week low of $0.08 and a 52-week high of $3.04. The stock has a 50 day moving average of $0.15 and a two-hundred day moving average of $0.37.

Nature’s Miracle (NASDAQ:NMHI) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $3.41 million during the quarter.

About Nature’s Miracle

Nature’s Miracle Holding Inc, an agriculture technology company, provides lighting and grow media products to growers in the controlled environment agriculture industry in the United States and Canada. The company offers LED fixtures; high pressure sodium and ceramic metal halide fixtures; and electronic ballasts and control boxes.