Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) Short Interest Down 73.6% in March

Key Points

• Short interest plunged 73.6% to 526,267 shares as of March 31 (down from 1,990,267 on March 15), leaving 0.0% of shares sold short and a short-interest ratio of 20.8 days based on average volume.
• Stock metrics: SHWGF opened at $0.45, with a 50-day moving average of $0.67, a 200-day moving average of $0.69, a 1-year low of $0.45 and a 1-year high of $0.73.
• Business profile: Shandong Weigao Medical Polymer is a China-based maker of single-use medical devices and polymer products—such as infusion/transfusion sets, disposable syringes, IV catheters, blood filters and apheresis sets—operating under the Weigao Group from Weihai.

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF - Get Free Report) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 526,267 shares, a drop of 73.6% from the March 15th total of 1,990,267 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 25,333 shares, the short-interest ratio is currently 20.8 days.

Shandong Weigao Medical Polymer Stock Performance

Shares of SHWGF stock opened at $0.45 on Friday. The business has a fifty day moving average of $0.67 and a 200 day moving average of $0.69. Shandong Weigao Medical Polymer has a 1 year low of $0.45 and a 1 year high of $0.73.

Shandong Weigao Medical Polymer Company Profile

Shandong Weigao Medical Polymer Co, Ltd. OTCMKTS: SHWGF is a China-based manufacturer of single-use medical devices and medical polymer products. Headquartered in Weihai, Shandong Province, the company operates under the umbrella of the Weigao Group and focuses on the development, production and distribution of disposable medical consumables.

The company's product portfolio encompasses infusion and transfusion sets, disposable syringes, intravenous catheters, blood filters and apheresis sets, as well as devices for enteral nutrition and medical-grade tubing.

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