WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) Sees Large Growth in Short Interest

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 76,332 shares, an increase of 52.4% from the December 15th total of 50,075 shares. Based on an average daily trading volume, of 107,942 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 107,942 shares, the days-to-cover ratio is presently 0.7 days.

WuXi Biologics (Cayman) Stock Down 1.8%

WXXWY opened at $10.02 on Friday. WuXi Biologics has a 12-month low of $4.14 and a 12-month high of $11.21. The business has a 50 day moving average of $8.54 and a 200-day moving average of $8.60.

About WuXi Biologics (Cayman)

WuXi Biologics (Cayman) Inc, trading OTC as WXXWY, is a global contract research, development and manufacturing organization (CDMO) specializing in biologics. Founded as a spin-out from WuXi AppTec and incorporated in the Cayman Islands in 2017, the company offers end-to-end support across the biologics value chain. Its service portfolio encompasses discovery biology, analytical development, process chemistry and large-scale manufacturing for therapeutic proteins and antibodies.

The firm’s core offerings include the development of monoclonal antibodies, recombinant proteins and cell and gene therapy vectors.