China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 4,500 shares, a decline of 36.6% from the June 15th total of 7,100 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.
China Jo-Jo Drugstores Trading Down 3.4 %
Shares of NASDAQ CJJD traded down $0.08 during midday trading on Friday, reaching $2.27. The company had a trading volume of 6,567 shares, compared to its average volume of 48,281. China Jo-Jo Drugstores has a 1 year low of $1.56 and a 1 year high of $4.70. The business’s 50-day simple moving average is $2.52 and its 200 day simple moving average is $3.14.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on China Jo-Jo Drugstores in a research note on Tuesday. They issued a “sell” rating for the company.
About China Jo-Jo Drugstores
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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