Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 963,487 shares, an increase of 98.2% from the May 31st total of 486,187 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.
Shanghai Pharmaceuticals Stock Performance
OTCMKTS:SHPMF opened at $1.46 on Friday. The firm’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.47. Shanghai Pharmaceuticals has a twelve month low of $1.46 and a twelve month high of $1.53.
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.
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