Shandong Weigao Group Medical Polymer Company Limited (OTCMKTS:SHWGF) Sees Large Decline in Short Interest

Shandong Weigao Group Medical Polymer Company Limited (OTCMKTS:SHWGF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 33,800 shares, a decline of 98.7% from the September 30th total of 2,541,300 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is presently 7.7 days.

Shandong Weigao Group Medical Polymer Price Performance

Shares of Shandong Weigao Group Medical Polymer stock opened at $0.96 on Friday. Shandong Weigao Group Medical Polymer has a 52-week low of $0.96 and a 52-week high of $0.97. The company’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $0.96. The company has a current ratio of 3.28, a quick ratio of 2.89 and a debt-to-equity ratio of 0.14.

About Shandong Weigao Group Medical Polymer

Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, wholesale, and sale of medical devices in the People’s Republic of China. It operates through Medical Device Products, Orthopaedic Products, Interventional Products, Pharma Packaging Products, Blood Management Products, and Others segments.