Short Interest in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Drops By 34.5%

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 9,500 shares, a drop of 34.5% from the January 31st total of 14,500 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on China Jo-Jo Drugstores in a research report on Wednesday, February 26th. They issued a “sell” rating for the company.

China Jo-Jo Drugstores Stock Performance

China Jo-Jo Drugstores stock traded down $0.10 during mid-day trading on Tuesday, reaching $1.51. The company’s stock had a trading volume of 5,774 shares, compared to its average volume of 26,349. China Jo-Jo Drugstores has a twelve month low of $1.29 and a twelve month high of $3.59. The business has a 50 day moving average price of $1.65 and a 200-day moving average price of $1.81.

About China Jo-Jo Drugstores

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.