Raia Drogasil S.A. (OTCMKTS:RADLY) Short Interest Up 22,315.1% in July

Raia Drogasil S.A. (OTCMKTS:RADLY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 402,126 shares, an increase of 22,315.1% from the June 30th total of 1,794 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,614 shares, the short-interest ratio is currently 5.3 days.

Raia Drogasil Stock Down 2.3%

RADLY traded down $0.08 during trading on Friday, reaching $3.53. 1,172 shares of the stock were exchanged, compared to its average volume of 57,192. Raia Drogasil has a 1 year low of $2.33 and a 1 year high of $5.34. The business’s 50 day moving average price is $3.57 and its two-hundred day moving average price is $4.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Raia Drogasil to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Raia Drogasil Company Profile

Raia Drogasil SA is a leading Brazilian retail pharmacy operator, offering a comprehensive range of prescription and over-the-counter medications, health and wellness products, personal care and beauty items, as well as a selection of convenience goods. The company’s network of stores operates under the Raia and Drogasil banners, serving diverse consumer needs across major urban centers. Complementary services include in-store prescription dispensing, compounding pharmacies and health screening programs such as blood pressure and glucose monitoring.

The company was formed in 2011 through the merger of two established Brazilian pharmacy chains, Drogasil and Droga Raia, each with origins dating back several decades.