Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Short Interest Down 27.9% in March

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 96,149 shares, a decrease of 27.9% from the March 15th total of 133,349 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Shanghai Pharmaceuticals Stock Performance

Shares of SHPMF stock opened at $1.46 on Wednesday. The firm’s 50 day moving average is $1.46 and its 200 day moving average is $1.49. Shanghai Pharmaceuticals has a 12 month low of $1.46 and a 12 month 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.