Short Interest in WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) Decreases By 33.0%

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,742 shares, a decline of 33.0% from the August 15th total of 2,601 shares. Based on an average daily volume of 4,610 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, WuXi AppTec currently has an average rating of “Strong Buy”.

WuXi AppTec Stock Down 0.1%

Shares of OTCMKTS:WUXAY opened at $25.35 on Thursday. WuXi AppTec has a 12 month low of $12.45 and a 12 month high of $27.00. The company has a 50-day moving average price of $23.31 and a 200-day moving average price of $18.64.

About WuXi AppTec

WuXi AppTec is a global pharmaceutical and biotechnology services company that provides research, development, and manufacturing support to pharmaceutical, biotechnology, and medical device companies. Its integrated platform is designed to help customers discover, develop, test, and manufacture medicines and healthcare products.

The company’s services include small-molecule drug discovery and development, laboratory testing, clinical research support, and pharmaceutical manufacturing. WuXi AppTec also provides capabilities in biologics, cell and gene therapies, medical devices, and other advanced therapeutic areas, serving customers across multiple stages of the product-development process.

Founded in 2000, WuXi AppTec is headquartered in Shanghai, China, and operates through a global network of research, testing, and manufacturing facilities in China, the United States, Europe, and other international markets.