Short Interest in Sino Biopharmaceutical Limited (OTCMKTS:SBMFF) Declines By 31.7%

Sino Biopharmaceutical Limited (OTCMKTS:SBMFF – Get Rating) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 7,072,900 shares, a drop of 31.7% from the March 15th total of 10,356,200 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 1,813.6 days.

OTCMKTS:SBMFF opened at $0.54 on Friday. Sino Biopharmaceutical has a 12-month low of $0.49 and a 12-month high of $1.19. The stock’s fifty day simple moving average is $0.62 and its 200-day simple moving average is $0.69.

About Sino Biopharmaceutical (Get Rating)

Sino Biopharmaceutical Limited, an investment holding company, together with its subsidiaries, operates as a research and development pharmaceutical conglomerate in the People's Republic of China. It operates in three segments: Modernised Chinese Medicines and Chemical Medicines, Investment, and Others.

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