Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 963,487 shares, a growth of 98.2% from the May 31st total of 486,187 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.
Shanghai Pharmaceuticals Price Performance
Shares of OTCMKTS SHPMF opened at $1.46 on Wednesday. Shanghai Pharmaceuticals has a 12-month low of $1.46 and a 12-month high of $1.53. The stock’s fifty day simple moving average is $1.46 and its two-hundred day simple moving average is $1.47.
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.
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