WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 4,304 shares, a decrease of 97.5% from the October 15th total of 175,103 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 12,722 shares, the short-interest ratio is currently 0.3 days.
WuXi AppTec Price Performance
OTCMKTS:WUXAY traded down $0.88 during trading hours on Tuesday, hitting $25.60. 10,780 shares of the stock were exchanged, compared to its average volume of 21,574. WuXi AppTec has a 52-week low of $12.45 and a 52-week high of $28.69. The firm’s fifty day moving average price is $25.44 and its 200 day moving average price is $19.58.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.
View Our Latest Analysis on WuXi AppTec
WuXi AppTec Company Profile
WuXi AppTec is a contract research, development and manufacturing services provider for the pharmaceutical and biotechnology industries. Founded in 2000 and headquartered in Shanghai, the company supports clients in developing medicines and bringing them through stages of research, testing and production. Its services include drug discovery and development, laboratory testing, clinical research support and manufacturing. WuXi AppTec works across small-molecule and other therapeutic development, providing services intended to help clients advance programs from early research toward commercialization.
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