Molecular Data Inc. (NASDAQ:MKD – Get Rating) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 8,630,000 shares, an increase of 111.5% from the March 15th total of 4,080,000 shares. Based on an average daily volume of 12,930,000 shares, the short-interest ratio is presently 0.7 days.
MKD remained flat at $$0.14 during midday trading on Friday. 5,947,427 shares of the company’s stock traded hands, compared to its average volume of 14,656,298. Molecular Data has a 12-month low of $0.11 and a 12-month high of $1.05. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.24.
A number of institutional investors and hedge funds have recently bought and sold shares of MKD. Hudson Bay Capital Management LP bought a new stake in shares of Molecular Data during the third quarter worth about $523,000. Renaissance Technologies LLC bought a new stake in shares of Molecular Data during the fourth quarter worth about $241,000. Geode Capital Management LLC increased its position in shares of Molecular Data by 1,133.8% during the fourth quarter. Geode Capital Management LLC now owns 333,326 shares of the company’s stock worth $72,000 after acquiring an additional 306,309 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Molecular Data during the fourth quarter worth about $141,000. 41.42% of the stock is owned by hedge funds and other institutional investors.
About Molecular Data (Get Rating)
Molecular Data Inc, through its subsidiaries, operates in the chemical e-commerce business in the People’s Republic of China. The company operates technology-driven platform that connects participants along the chemical value chain through its integrated solutions. It delivers e-commerce solutions, financial solutions, warehousing and logistics solutions, and software-as-a-service suites for participants in the traditional chemical industry.
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