CareRx Co. (OTCMKTS:CHHHF) Short Interest Update

CareRx Co. (OTCMKTS:CHHHFGet Rating) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,700 shares, a drop of 22.7% from the April 15th total of 2,200 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 8.5 days.

OTCMKTS CHHHF traded down $0.22 on Monday, reaching $3.51. The company had a trading volume of 150 shares, compared to its average volume of 738. CareRx has a 52 week low of $3.51 and a 52 week high of $5.55. The stock’s 50 day moving average is $4.10 and its 200-day moving average is $4.17.

A number of research analysts recently issued reports on CHHHF shares. Desjardins lifted their target price on CareRx from C$9.50 to C$10.00 in a report on Tuesday, March 22nd. Canaccord Genuity Group cut their price objective on CareRx from C$8.50 to C$8.00 and set a “buy” rating on the stock in a research note on Sunday.

About CareRx (Get Rating)

CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada. The company operates a network of pharmacy fulfilment centers that provide chronic medication and other specialty clinical pharmacy services. It serves approximately 50,000 residents in approximately 900 seniors and other communities, including long-term care homes, retirement homes, assisted living facilities, and group homes.

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