5 Low Float Stocks With High Volume

3. Baudax Bio, Inc. (NASDAQ:BXRX)

Number of Hedge Fund Holders: 3

Shares Float: 0.5 million

Avg Volume for 10 days: 1.39 million 

Baudax Bio, Inc. (NASDAQ:BXRX) is a pharmaceutical company that develops and commercializes products for hospitals and other acute care settings. On November 30, the share price of the firm jumped after its Board of Directors approved a 1-for-40 reverse stock split of its shares. 

At the end of the third quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $173,000 in Baudax Bio, Inc. (NASDAQ:BXRX), compared to 4 the preceding quarter worth $703,000.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Sabby Capital is a leading shareholder in Baudax Bio, Inc. (NASDAQ:BXRX) with 439,220 shares worth more than $108,000.