Short Interest in Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Increases By 138.1%

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 306,287 shares, a growth of 138.1% from the April 15th total of 128,649 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Shanghai Pharmaceuticals Stock Performance

Shares of OTCMKTS SHPMF opened at $1.46 on Friday. The firm’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.48. Shanghai Pharmaceuticals has a 1-year low of $1.46 and a 1-year 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.