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

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 378,300 shares, an increase of 30.2% from the March 31st total of 290,500 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 1,891.5 days.

Shanghai Pharmaceuticals Price Performance

SHPMF remained flat at $1.21 on Monday. The stock’s 50 day simple moving average is $1.43 and its 200 day simple moving average is $1.43. Shanghai Pharmaceuticals has a 12 month low of $1.21 and a 12 month high of $2.08.

About Shanghai Pharmaceuticals

Shanghai Pharmaceuticals Holding Co, Ltd. researches, develops, manufactures, distributes, and retails pharmaceutical and healthcare products in China and internationally. It operates through four segments: Production, Distribution, Retail, and Others. The company offers chemicals and biochemicals, Chinese medicines, healthcare products, and medical devices in various therapeutic areas, including anti-tumor, heart and cerebral vessels, psychoneural, anti-infection, auto-immunity, digestive tract and metabolism, and respiratory system.