Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Sees Significant Drop in Short Interest

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,146,200 shares, a drop of 44.0% from the February 13th total of 3,834,400 shares. Based on an average trading volume of 35,400 shares, the days-to-cover ratio is presently 60.6 days.

Shanghai Pharmaceuticals Stock Performance

Shares of OTCMKTS SHPMF remained flat at $1.57 during trading on Friday. The firm has a 50-day moving average price of $1.46 and a 200 day moving average price of $1.45. Shanghai Pharmaceuticals has a 52-week low of $0.99 and a 52-week high of $1.95.

About Shanghai Pharmaceuticals

Shanghai Pharmaceuticals Holding Co, Ltd. engages research, development, manufacture, distribution, and retailing of pharmaceutical and healthcare products in China and internationally. The company operates through four segments: Production, Distribution, Retail, and Others. It offers chemicals and biochemicals, Chinese medicines, healthcare products, and medical devices in various therapeutic areas, including digestive system, immune metabolism, motor neuron disease, endocrinology, cardiovascular, psychoneurotic, neoplasm, autoimmunity, systemic anti-infection, mental nerve, anti-tumor, oncology, respiratory system, nervous system, auto-immunity, hypertension, neuromyelitis, diabetes, anticholinesterase, polypeptide hormones uterine tonic, antihistamine, anti-inflammatory, anesthetic, immunomodulatory, antiviral, reflux esophagitis, analgesics, weight management, malignant peritoneal effusion, ulcerative colitis, myasthenia gravis, burn injury, anticoagulant, anti-epileptic, anticonvulsant, Alzheimer’s, and inflammatory bowel diseases.