Short Interest in Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) Decreases By 33.8%

Shanghai Pharmaceuticals Holding Co., Ltd (OTCMKTS:SHPMF) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 481,987 shares, a decrease of 33.8% from the June 30th total of 727,587 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Shanghai Pharmaceuticals Price Performance

OTCMKTS SHPMF opened at $1.46 on Friday. The stock has a 50-day moving average of $1.46 and a two-hundred day moving average of $1.46. Shanghai Pharmaceuticals has a 1-year low of $1.46 and a 1-year high of $1.53.

About Shanghai Pharmaceuticals

Shanghai Pharmaceuticals (OTCMKTS: SHPMF) is a leading integrated healthcare company headquartered in Shanghai, China. Established in 1994 through the consolidation of state‐owned pharmaceutical entities, the firm has built a comprehensive business model spanning pharmaceutical distribution, manufacturing and retail pharmacy services. The company’s core distribution network delivers prescription and over‐the‐counter medications, medical devices and healthcare products to hospitals, clinics and community pharmacies across mainland China.

In its manufacturing segment, Shanghai Pharmaceuticals produces active pharmaceutical ingredients (APIs), finished dosage forms and chemical intermediates.