Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Short Interest Update

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 96,149 shares, a drop of 82.4% from the December 15th total of 546,949 shares. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 5,341.6 days. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 5,341.6 days.

Shanghai Pharmaceuticals Stock Performance

Shanghai Pharmaceuticals stock remained flat at $1.46 on Monday. Shanghai Pharmaceuticals has a 1-year low of $1.46 and a 1-year high of $1.53. The company has a fifty day simple moving average of $1.52 and a 200-day simple moving average 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.