Short Interest in CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) Drops By 7.6%

CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 12,100 shares, a decrease of 7.6% from the May 31st total of 13,100 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 1.1 days.

CSPC Pharmaceutical Group Price Performance

Shares of OTCMKTS CSPCY opened at C$3.15 on Wednesday. The business’s 50 day moving average price is C$3.34 and its two-hundred day moving average price is C$3.23. CSPC Pharmaceutical Group has a twelve month low of C$2.63 and a twelve month high of C$3.71.

CSPC Pharmaceutical Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 11th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.0573 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from CSPC Pharmaceutical Group’s previous dividend of $0.06.

CSPC Pharmaceutical Group Company Profile

CSPC Pharmaceutical Group Limited, an investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical products in the People's Republic of China, other Asian regions, North America, Europe, and internationally. The company operates through Finished Drugs, Bulk Products, and Functional Food and Others segments.