WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) Stock Short Interest Report for October

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 4,304 shares, a decline of 97.5% from the October 15th total of 175,103 shares. Based on an average daily volume of 12,722 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of WuXi AppTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

WuXi AppTec Stock Down 3.3%

WUXAY stock traded down $0.88 during mid-day trading on Tuesday, reaching $25.60. The company’s stock had a trading volume of 10,780 shares, compared to its average volume of 21,574. The company’s 50 day moving average is $25.44 and its two-hundred day moving average is $19.58. WuXi AppTec has a fifty-two week low of $12.45 and a fifty-two week high of $28.69.

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.