Short Interest in Aimei Health Technology Co., Ltd. (NASDAQ:AFJK) Decreases By 46.7%

Aimei Health Technology Co., Ltd. (NASDAQ:AFJK) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,344 shares, a decline of 46.7% from the July 15th total of 4,398 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 27,653 shares, the short-interest ratio is presently 0.1 days.

Aimei Health Technology Stock Performance

Shares of Aimei Health Technology stock opened at $12.05 on Monday. The stock has a 50 day moving average of $20.80 and a 200 day moving average of $32.64. The firm has a market capitalization of $38.20 million, a price-to-earnings ratio of 200.87 and a beta of 0.91. Aimei Health Technology has a fifty-two week low of $6.75 and a fifty-two week high of $130.37.

Aimei Health Technology (NASDAQ:AFJK) last posted its earnings results on Thursday, August 13th. The company reported ($0.03) EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Aimei Health Technology in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Aimei Health Technology

Several large investors have recently made changes to their positions in the stock. Clear Street Group Inc. increased its holdings in Aimei Health Technology by 36.5% in the 4th quarter. Clear Street Group Inc. now owns 83,337 shares of the company’s stock valued at $5,334,000 after purchasing an additional 22,294 shares during the last quarter. Jane Street Group LLC purchased a new position in Aimei Health Technology in the 4th quarter valued at approximately $302,000. Geode Capital Management LLC acquired a new position in Aimei Health Technology during the 4th quarter worth $413,000. Finally, Quarry LP grew its stake in Aimei Health Technology by 6.4% during the 3rd quarter. Quarry LP now owns 167,081 shares of the company’s stock worth $1,891,000 after purchasing an additional 10,000 shares in the last quarter. 45.58% of the stock is currently owned by institutional investors and hedge funds.

About Aimei Health Technology

Aimei Health Technology Co, Ltd does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to acquires businesses in the biopharmaceutical, medical technology/device industries or diagnostic, and other services sectors. Aimei Health Technology Co, Ltd was incorporated in 2023 and is based in New York, New York.