Short Interest in Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Drops By 27.9%

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 96,149 shares, a decline of 27.9% from the March 15th total of 133,349 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Shanghai Pharmaceuticals Stock Performance

SHPMF stock opened at $1.46 on Thursday. Shanghai Pharmaceuticals has a 12-month low of $1.46 and a 12-month high of $1.53. The company’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.49.

About Shanghai Pharmaceuticals

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.