Raia Drogasil S.A. (OTCMKTS:RADLY) Sees Significant Growth in Short Interest

Raia Drogasil S.A. (OTCMKTS:RADLY) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 12,600 shares, agrowthof472.7% from the July 31st total of 2,200 shares. Based on an average daily trading volume, of 202,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 202,200 shares, the days-to-cover ratio is presently 0.1 days.

Raia Drogasil Stock Up 3.9%

Shares of OTCMKTS:RADLY traded up $0.13 during midday trading on Tuesday, reaching $3.37. The company’s stock had a trading volume of 617 shares, compared to its average volume of 19,681. The firm has a 50 day moving average of $2.95 and a 200-day moving average of $3.05. Raia Drogasil has a 12-month low of $2.21 and a 12-month high of $5.56.

Raia Drogasil Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Tuesday, July 15th will be given a $0.0092 dividend. The ex-dividend date of this dividend is Monday, July 14th. This represents a dividend yield of 164.0%. This is a boost from Raia Drogasil’s previous dividend of $0.01.

Raia Drogasil Company Profile

Raia Drogasil SA engages in the retail sale of medicines, perfumery, personal care and beauty products, cosmetics, dermocosmetics, and specialty medicines in Brazil. It also markets its goods through telesales and call centers in the states of São Paulo, Tocantins, and Pernambuco. The company was founded in 1905 and is headquartered in São Paulo, Brazil.