Universe Pharmaceuticals INC (NASDAQ:UPC) Sees Significant Increase in Short Interest

Universe Pharmaceuticals INC (NASDAQ:UPC) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 75,844 shares, an increase of 154.7% from the August 31st total of 29,772 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average daily volume of 604,499 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Universe Pharmaceuticals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Universe Pharmaceuticals to a “hold” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Universe Pharmaceuticals has a consensus rating of “Sell”.

Universe Pharmaceuticals Stock Performance

Shares of UPC stock opened at $4.75 on Friday. Universe Pharmaceuticals has a 12 month low of $2.00 and a 12 month high of $17.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.90 and a current ratio of 4.05. The company’s fifty day moving average price is $4.81 and its 200-day moving average price is $3.89.

Universe Pharmaceuticals (NASDAQ:UPC) last released its earnings results on Wednesday, July 29th. The company reported ($1.38) earnings per share for the quarter. The firm had revenue of $4.52 million for the quarter.

About Universe Pharmaceuticals

Universe Pharmaceuticals Inc (NASDAQ: UPC) is a China-based pharmaceutical and healthcare products company. The company develops, manufactures and markets pharmaceutical products, health supplements and medical devices, with an emphasis on traditional Chinese medicine and other products used in everyday healthcare.

Its product portfolio includes over-the-counter and prescription medicines designed to address a range of conditions, including respiratory, cardiovascular, digestive and dermatological ailments.