Sinopharm Group Co. Ltd. (OTCMKTS:SHTDY) Sees Significant Growth in Short Interest

Sinopharm Group Co. Ltd. (OTCMKTS:SHTDY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,900 shares, an increase of 46.2% from the May 31st total of 1,300 shares. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is currently 0.1 days.

Sinopharm Group Stock Performance

Shares of OTCMKTS:SHTDY traded up $0.20 during trading hours on Monday, hitting $13.23. 8,100 shares of the company’s stock traded hands, compared to its average volume of 12,306. The company’s fifty day simple moving average is $13.58 and its two-hundred day simple moving average is $13.22. Sinopharm Group has a 52 week low of $11.36 and a 52 week high of $16.31.

Sinopharm Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.491 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Sinopharm Group’s previous dividend of $0.49. This represents a yield of 3.57%.

About Sinopharm Group

Sinopharm Group Co Ltd., together with its subsidiaries, engages in the wholesale and retail of pharmaceutical and medical devices and healthcare products in the People's Republic of China. The company operates through four segments: Pharmaceutical Distribution, Medical Devices, Retail Pharmacy, and Other Business.