Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Sees Large Growth in Short Interest

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 306,287 shares, an increase of 138.1% from the April 15th total of 128,649 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days.

Shanghai Pharmaceuticals Stock Performance

OTCMKTS:SHPMF remained flat at $1.46 during trading hours on Friday. Shanghai Pharmaceuticals has a 12 month low of $1.46 and a 12 month high of $1.53. The firm has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.48.

Shanghai Pharmaceuticals Company Profile

Shanghai Pharmaceuticals (OTCMKTS: SHPMF) is a leading integrated healthcare company headquartered in Shanghai, China. Established in 1994 through the consolidation of state?owned pharmaceutical entities, the firm has built a comprehensive business model spanning pharmaceutical distribution, manufacturing and retail pharmacy services. The company’s core distribution network delivers prescription and over?the?counter medications, medical devices and healthcare products to hospitals, clinics and community pharmacies across mainland China.

In its manufacturing segment, Shanghai Pharmaceuticals produces active pharmaceutical ingredients (APIs), finished dosage forms and chemical intermediates.