Sinopharm Group Co. Ltd. (OTCMKTS:SHTDF – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,820,757 shares, a growth of 269.2% from the April 15th total of 1,847,289 shares. Based on an average daily trading volume, of 295 shares, the days-to-cover ratio is presently 23,121.2 days.
Sinopharm Group Stock Performance
Shares of SHTDF opened at $2.33 on Thursday. Sinopharm Group has a 52-week low of $2.11 and a 52-week high of $2.70. The stock has a 50 day simple moving average of $2.59 and a 200 day simple moving average of $2.53.
Sinopharm Group Company Profile
Sinopharm Group Co, Ltd is one of China’s largest state-owned integrated healthcare companies, primarily focused on the research, development, production and distribution of a broad range of pharmaceutical and healthcare products. Established in 1998 through the reorganization of assets under China National Pharmaceutical Group (Sinopharm), the company has grown to encompass multiple business segments, including prescription medicines, over-the-counter drugs, vaccines and medical devices. Sinopharm Group is listed on the Hong Kong Stock Exchange and trades in the United States through its OTCMKTS ticker SHTDF.
The company’s product portfolio spans chemically synthesized drugs, biologics and traditional Chinese medicine formulations, supported by an extensive nationwide manufacturing and quality-control network.
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