Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) Short Interest Down 16.4% in March

Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 24,900 shares, a drop of 16.4% from the February 28th total of 29,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 249.0 days.

Shin Nippon Biomedical Laboratories Price Performance

Shares of OTCMKTS SBLOF remained flat at $9.51 during mid-day trading on Tuesday. The firm’s 50-day moving average is $9.71 and its two-hundred day moving average is $12.45. Shin Nippon Biomedical Laboratories has a 1-year low of $9.51 and a 1-year high of $9.82.

About Shin Nippon Biomedical Laboratories

Shin Nippon Biomedical Laboratories, Ltd., a contract research organization, engages in the transactional research and medipolis businesses in Japan and internationally. It offers non-clinical studies, including single/repeated dose toxicity studies, antigenicity studies, skin sensitization studies, genotoxicity studies, carcinogenicity studies, local irritation studies, inhalation toxicity studies, TK studies, characteristic studies, stability studies, dependence studies, reproductive and developmental toxicity studies, safety pharmacological studies, and pharmacokinetic studies.