Raia Drogasil S.A. (OTCMKTS:RADLY) Short Interest Up 142.2% in April

Raia Drogasil S.A. (OTCMKTS:RADLY) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 21,996 shares, a growth of 142.2% from the March 31st total of 9,083 shares. Based on an average daily volume of 13,019 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.0% of the shares of the company are short sold.

Raia Drogasil Price Performance

Shares of OTCMKTS:RADLY opened at $4.57 on Tuesday. The business’s 50 day simple moving average is $4.68 and its 200-day simple moving average is $4.47. Raia Drogasil has a 12 month low of $2.17 and a 12 month high of $5.34.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Raia Drogasil to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Raia Drogasil has a consensus rating of “Hold”.

About Raia Drogasil

Raia Drogasil SA is a leading Brazilian retail pharmacy operator, offering a comprehensive range of prescription and over-the-counter medications, health and wellness products, personal care and beauty items, as well as a selection of convenience goods. The company’s network of stores operates under the Raia and Drogasil banners, serving diverse consumer needs across major urban centers. Complementary services include in-store prescription dispensing, compounding pharmacies and health screening programs such as blood pressure and glucose monitoring.

The company was formed in 2011 through the merger of two established Brazilian pharmacy chains, Drogasil and Droga Raia, each with origins dating back several decades.