China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC) Sees Large Decline in Short Interest

China SXT Pharmaceuticals, Inc. (NASDAQ:SXTCGet Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 34,800 shares, a drop of 95.9% from the April 30th total of 856,400 shares. Based on an average daily volume of 448,700 shares, the short-interest ratio is presently 0.1 days. Currently, 2.0% of the company’s shares are short sold.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of China SXT Pharmaceuticals during the first quarter valued at $31,000. Susquehanna International Group LLP purchased a new position in shares of China SXT Pharmaceuticals during the fourth quarter valued at $165,000. Finally, Renaissance Technologies LLC increased its stake in shares of China SXT Pharmaceuticals by 2,009.8% during the first quarter. Renaissance Technologies LLC now owns 451,500 shares of the company’s stock valued at $126,000 after buying an additional 430,100 shares during the period. Hedge funds and other institutional investors own 16.70% of the company’s stock.

SXTC stock traded down $0.01 during midday trading on Wednesday, reaching $1.80. The company’s stock had a trading volume of 1,850 shares, compared to its average volume of 382,880. China SXT Pharmaceuticals has a 1 year low of $1.78 and a 1 year high of $45.60. The stock has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $7.56.

About China SXT Pharmaceuticals (Get Rating)

China SXT Pharmaceuticals, Inc, a pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine piece tablets (TCMP) in China. It offers advanced, fine, and regular TCMP products, such as ChenXiang, SanQiFen, HongQi, SuMu, JiangXiang, CuYanHuSuo, XiaTianWu, LuXueJing, XueJie, ChaoSuanZaoRen, HongQuMi, ChuanBeiMu, HuangShuKuiHua, WuWeiZi, DingXiang, RenShen, QingGuo, JueMingZi, and ShaRen.

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