WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 175,103 shares, a growth of 2,951.1% from the September 30th total of 5,739 shares. Based on an average trading volume of 57,620 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.0% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, Zacks Research cut WuXi AppTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on WUXAY
WuXi AppTec Price Performance
Shares of OTCMKTS WUXAY traded up $1.30 during midday trading on Monday, hitting $25.01. 6,432 shares of the company’s stock were exchanged, compared to its average volume of 5,115. WuXi AppTec has a twelve month low of $12.45 and a twelve month high of $28.69. The firm’s fifty day simple moving average is $25.72 and its 200-day simple moving average is $20.88.
WuXi AppTec Company Profile
WuXi AppTec is a global pharmaceutical and biotechnology services company that provides contract research, development and manufacturing services. The company supports drug developers throughout the product life cycle, from early-stage discovery and laboratory testing through clinical development and commercial production.
Its offerings include medicinal and synthetic chemistry, biology research, preclinical and clinical testing, regulatory support, pharmaceutical manufacturing, and the development and manufacturing of advanced therapies.
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