Raia Drogasil S.A. (OTCMKTS:RADLY) Sees Large Increase in Short Interest

Raia Drogasil S.A. (OTCMKTS:RADLY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 40,911 shares, a growth of 1,671.0% from the November 30th total of 2,310 shares. Based on an average daily volume of 38,655 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 38,655 shares, the days-to-cover ratio is currently 1.1 days.

Raia Drogasil Trading Up 2.9%

RADLY opened at $4.72 on Thursday. Raia Drogasil has a fifty-two week low of $2.17 and a fifty-two week high of $4.85. The firm’s fifty day moving average price is $4.15 and its two-hundred day moving average price is $3.45.

About Raia Drogasil

Raia Drogasil SA is a leading Brazilian retail pharmacy operator, offering a comprehensive range of prescription and over-the-counter medications, health and wellness products, personal care and beauty items, as well as a selection of convenience goods. The company’s network of stores operates under the Raia and Drogasil banners, serving diverse consumer needs across major urban centers. Complementary services include in-store prescription dispensing, compounding pharmacies and health screening programs such as blood pressure and glucose monitoring.

The company was formed in 2011 through the merger of two established Brazilian pharmacy chains, Drogasil and Droga Raia, each with origins dating back several decades.