China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Update

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 43,400 shares, an increase of 909.3% from the February 29th total of 4,300 shares. Based on an average trading volume of 75,400 shares, the short-interest ratio is presently 0.6 days. Approximately 2.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of China Jo-Jo Drugstores in a report on Wednesday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On China Jo-Jo Drugstores

An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. Jane Street Group LLC acquired a new position in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned approximately 0.59% of China Jo-Jo Drugstores as of its most recent SEC filing. 45.26% of the stock is currently owned by institutional investors.

China Jo-Jo Drugstores Trading Down 4.7 %

Shares of NASDAQ CJJD opened at $3.26 on Thursday. China Jo-Jo Drugstores has a 52-week low of $1.56 and a 52-week high of $47.90. The firm’s fifty day moving average is $3.57 and its two-hundred day moving average is $4.08.

China Jo-Jo Drugstores Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.