Short Interest in Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Drops By 60.9%

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 249,100 shares, a decline of 60.9% from the March 15th total of 636,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 2,491.0 days.

Shanghai Pharmaceuticals Price Performance

Shares of OTCMKTS:SHPMF opened at $1.56 on Tuesday. The firm has a fifty day simple moving average of $1.47 and a two-hundred day simple moving average of $1.53. Shanghai Pharmaceuticals has a 52 week low of $0.99 and a 52 week high of $1.95.

Shanghai Pharmaceuticals Company Profile

Shanghai Pharmaceuticals Holding Co, Ltd. engages research, development, manufacture, distribution, and retailing of pharmaceutical and healthcare products in China and internationally. The company operates through four segments: Production, Distribution, Retail, and Others. It offers chemicals and biochemicals, Chinese medicines, healthcare products, and medical devices in various therapeutic areas, including digestive system, immune metabolism, motor neuron disease, endocrinology, cardiovascular, psychoneurotic, neoplasm, autoimmunity, systemic anti-infection, mental nerve, anti-tumor, oncology, respiratory system, nervous system, auto-immunity, hypertension, neuromyelitis, diabetes, anticholinesterase, polypeptide hormones uterine tonic, antihistamine, anti-inflammatory, anesthetic, immunomodulatory, antiviral, reflux esophagitis, analgesics, weight management, malignant peritoneal effusion, ulcerative colitis, myasthenia gravis, burn injury, anticoagulant, anti-epileptic, anticonvulsant, Alzheimer’s, and inflammatory bowel diseases.