Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. (OTCMKTS:RGEDF) Sees Significant Growth in Short Interest

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. (OTCMKTS:RGEDF) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 8,239 shares, a growth of 493.2% from the June 15th total of 1,389 shares. Based on an average daily volume of 6,571 shares, the days-to-cover ratio is presently 1.3 days.

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. Stock Performance

Shares of RGEDF stock traded up $1.21 during trading on Friday, hitting $39.18. 318 shares of the company were exchanged, compared to its average volume of 1,192. The business’s 50-day simple moving average is $39.81 and its 200 day simple moving average is $35.30. Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. has a twelve month low of $29.00 and a twelve month high of $45.28.

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. Company Profile

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt., commonly known as Gedeon Richter, is a Hungarian multinational pharmaceutical company with roots dating back to 1901. Founded by pharmacist Gedeon Richter in Budapest, the company has grown into one of Central Europe’s leading drug manufacturers. Over more than a century of operation, Richter has established a strong reputation for both proprietary drug discovery and the development of high-quality generic medicines.

Richter’s principal business activities encompass research and development, production and marketing of pharmaceutical products.