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

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 19,369 shares, a drop of 85.8% from the February 26th total of 136,094 shares. Based on an average daily volume of 102,267 shares, the days-to-cover ratio is presently 0.2 days.

WuXi Biologics (Cayman) Trading Down 5.4%

WXXWY stock opened at $8.43 on Thursday. WuXi Biologics has a 52 week low of $4.14 and a 52 week high of $11.21. The company has a fifty day simple moving average of $9.64 and a two-hundred day simple moving average of $9.29.

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.