Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) Stock Short Interest Rises 183.5%

Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 26,122 shares, a growth of 183.5% from the October 15th total of 9,213 shares. Based on an average daily trading volume, of 1,273 shares, the short-interest ratio is presently 20.5 days.

Shin Nippon Biomedical Laboratories Price Performance

Shares of Shin Nippon Biomedical Laboratories stock opened at $9.60 on Friday. The stock’s fifty day moving average is $7.62 and its two-hundred day moving average is $8.31. Shin Nippon Biomedical Laboratories has a 52 week low of $7.00 and a 52 week high of $10.00.

About Shin Nippon Biomedical Laboratories

Shin Nippon Biomedical Laboratories, Ltd. (SNBL) is a Japan-based contract research organization that supports pharmaceutical and biotechnology companies in developing medicines and other healthcare products. Founded in 1957, the company provides research and development services spanning nonclinical studies and clinical research. Its nonclinical services include safety and toxicity testing, pharmacology, and other studies used to evaluate drug candidates before human trials. SNBL also provides clinical trial and clinical pharmacology services, helping clients plan and conduct studies involving human participants.