Raia Drogasil S.A. (OTCMKTS:RADLY) Sees Significant Decline in Short Interest

Key Points

• Short interest plunged 78.5%, falling from 42,192 shares on March 15 to 9,083 shares on March 31, with a short-interest ratio of 0.9 days and approximately 0.0% of shares shorted.
• Shares opened at $4.95, with a 50-day moving average of $4.75 and a 200-day moving average of $4.36, and a one-year trading range of $2.17 to $5.34.
• Raia Drogasil is a leading Brazilian pharmacy operator, formed by the 2011 merger of Drogasil and Droga Raia and offering prescriptions, OTC products, personal care items and in-store health services.

Raia Drogasil S.A. (OTCMKTS:RADLY - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 9,083 shares, a drop of 78.5% from the March 15th total of 42,192 shares. Based on an average daily volume of 9,903 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

Raia Drogasil Price Performance

Shares of OTCMKTS:RADLY opened at $4.95 on Friday. The firm has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $4.36. Raia Drogasil has a one year low of $2.17 and a one year high of $5.34.

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.

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