Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Short Interest Up 38.7% in March

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 133,349 shares, a growth of 38.7% from the February 26th total of 96,149 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Shanghai Pharmaceuticals Stock Performance

Shanghai Pharmaceuticals stock opened at $1.46 on Monday. Shanghai Pharmaceuticals has a 1 year low of $1.46 and a 1 year high of $1.53. The firm’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.50.

Shanghai Pharmaceuticals Company Profile

Shanghai Pharmaceuticals (OTCMKTS: SHPMF) is a leading integrated healthcare company headquartered in Shanghai, China. Established in 1994 through the consolidation of state‐owned pharmaceutical entities, the firm has built a comprehensive business model spanning pharmaceutical distribution, manufacturing and retail pharmacy services. The company’s core distribution network delivers prescription and over‐the‐counter medications, medical devices and healthcare products to hospitals, clinics and community pharmacies across mainland China.

In its manufacturing segment, Shanghai Pharmaceuticals produces active pharmaceutical ingredients (APIs), finished dosage forms and chemical intermediates.