BIMI Holdings Inc. (NASDAQ:BIMI) Short Interest Update

BIMI Holdings Inc. (NASDAQ:BIMI) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 16,800 shares, a drop of 5.6% from the March 15th total of 17,800 shares. Based on an average daily volume of 37,500 shares, the short-interest ratio is currently 0.4 days. Approximately 1.8% of the company’s shares are short sold.

Institutional Investors Weigh In On BIMI

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new stake in shares of BIMI during the 2nd quarter valued at $52,000. Renaissance Technologies LLC boosted its stake in shares of BIMI by 521.4% during the 1st quarter. Renaissance Technologies LLC now owns 166,806 shares of the company’s stock valued at $230,000 after buying an additional 139,962 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of BIMI during the 3rd quarter valued at $295,000. Institutional investors and hedge funds own 0.11% of the company’s stock.

BIMI Stock Up 21.4 %

BIMI stock opened at $1.59 on Wednesday. The company has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.14. BIMI has a 52 week low of $0.56 and a 52 week 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.