Universe Pharmaceuticals (NYSE:UPC) Shares Up 10.5% – Here’s Why

Shares of Universe Pharmaceuticals INC (NYSE:UPC) shot up 10.5% on Friday . The company traded as high as $4.30 and last traded at $4.20. 264,461 shares traded hands during trading, an increase of 118% from the average session volume of 121,452 shares. The stock had previously closed at $3.80.

Universe Pharmaceuticals Trading Up 10.5 %

The firm’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $50.00.

Institutional Investors Weigh In On Universe Pharmaceuticals

An institutional investor recently bought a new position in Universe Pharmaceuticals stock. Anson Funds Management LP bought a new position in shares of Universe Pharmaceuticals INC (NYSE:UPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 230,407 shares of the company’s stock, valued at approximately $141,000. Anson Funds Management LP owned approximately 13.40% of Universe Pharmaceuticals as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.18% of the company’s stock.

Universe Pharmaceuticals Company Profile

Universe Pharmaceuticals INC, through its subsidiaries, engages in the manufacture, marketing, distribution, and sale of traditional Chinese medicine derivative products in China. It offers products for the treatment and relief of common chronic health conditions in the elderly for physical wellness and longevity; and cold and flu medications.