Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Short Interest Down 15.0% in October

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,363,800 shares, a decline of 15.0% from the September 30th total of 2,781,800 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 463.5 days.

Shanghai Pharmaceuticals Stock Up 2.5 %

SHPMF opened at $1.67 on Monday. Shanghai Pharmaceuticals has a one year low of $0.99 and a one year high of $1.67. The business has a 50 day simple moving average of $1.35 and a two-hundred day simple moving average of $1.40.

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.