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 growth in short interest in April. As of April 30th, there was short interest totaling 306,287 shares, a growth of 138.1% from the April 15th total of 128,649 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Shanghai Pharmaceuticals Stock Performance

Shares of Shanghai Pharmaceuticals stock opened at $1.46 on Friday. The company has a 50-day moving average of $1.46 and a 200 day moving average of $1.48. Shanghai Pharmaceuticals has a 1 year low of $1.46 and a 1 year high of $1.53.

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.