Sinopharm Group Co. Ltd. (OTCMKTS:SHTDF) Sees Significant Decline in Short Interest

Sinopharm Group Co. Ltd. (OTCMKTS:SHTDF) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,131,000 shares, a drop of 32.7% from the July 15th total of 3,165,300 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is currently 444.0 days.

Sinopharm Group Price Performance

SHTDF remained flat at $2.34 during trading hours on Friday. Sinopharm Group has a fifty-two week low of $2.30 and a fifty-two week high of $2.96. The company has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.68.

About Sinopharm Group

Sinopharm Group Co Ltd., together with its subsidiaries, engages in the wholesale and retail of pharmaceutical and medical devices and healthcare products in the People's Republic of China. The company operates through four segments: Pharmaceutical Distribution, Medical Devices, Retail Pharmacy, and Other Business.