Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. (OTCMKTS:RGEDF) Sees Large Drop in Short Interest

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. (OTCMKTS:RGEDF) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,537 shares, a drop of 81.3% from the June 30th total of 8,239 shares. Based on an average trading volume of 422 shares, the days-to-cover ratio is presently 3.6 days.

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. Trading Down 0.0%

Shares of Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. stock opened at $36.98 on Friday. Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. has a twelve month low of $29.00 and a twelve month high of $45.28. The company has a 50-day simple moving average of $39.09 and a two-hundred day simple moving average of $35.87.

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. Company Profile

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt., commonly known as Gedeon Richter, is a Hungarian multinational pharmaceutical company with roots dating back to 1901. Founded by pharmacist Gedeon Richter in Budapest, the company has grown into one of Central Europe’s leading drug manufacturers. Over more than a century of operation, Richter has established a strong reputation for both proprietary drug discovery and the development of high-quality generic medicines.

Richter’s principal business activities encompass research and development, production and marketing of pharmaceutical products.