China Jo-Jo Drugstores Inc (NASDAQ:CJJD) was the recipient of a significant increase in short interest in November. As of November 29th, there was short interest totalling 266,600 shares, an increase of 84.9% from the November 14th total of 144,200 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 208,700 shares, the short-interest ratio is currently 1.3 days.
An institutional investor recently raised its position in China Jo-Jo Drugstores stock. Virtu Financial LLC boosted its stake in shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD) by 243.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,261 shares of the company’s stock after purchasing an additional 54,748 shares during the period. Virtu Financial LLC owned about 0.23% of China Jo-Jo Drugstores worth $93,000 at the end of the most recent reporting period. 22.10% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine downgraded shares of China Jo-Jo Drugstores from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.
China Jo-Jo Drugstores Company Profile
China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.
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