Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 481,987 shares, a decline of 33.8% from the June 30th total of 727,587 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Shanghai Pharmaceuticals Stock Performance
Shares of SHPMF remained flat at $1.46 on Friday. Shanghai Pharmaceuticals has a 52 week low of $1.46 and a 52 week high of $1.53. The stock’s 50 day simple moving average is $1.46 and its 200-day simple moving average is $1.46.
Shanghai Pharmaceuticals Company Profile
Shanghai Pharmaceuticals (OTCMKTS: SHPMF) is a leading integrated healthcare company headquartered in Shanghai, China. Established in 1994 through the consolidation of state‐owned pharmaceutical entities, the firm has built a comprehensive business model spanning pharmaceutical distribution, manufacturing and retail pharmacy services. The company’s core distribution network delivers prescription and over‐the‐counter medications, medical devices and healthcare products to hospitals, clinics and community pharmacies across mainland China.
In its manufacturing segment, Shanghai Pharmaceuticals produces active pharmaceutical ingredients (APIs), finished dosage forms and chemical intermediates.
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