Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) Short Interest Update

Key Points

• Shandong Weigao Medical Polymer Co. experienced a significant increase in short interest of 105.6% in August, rising from 10,392,000 shares to 21,362,600 shares.
• The company's stock price remained flat at $0.76 during midday trading, with a 12-month high also recorded at this price.
• Shandong Weigao operates in the medical device sector, focusing on research, development, and the sale of various medical products in China.

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 21,362,600 shares, a growth of 105.6% from the August 15th total of 10,392,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Shandong Weigao Medical Polymer Stock Performance

OTCMKTS SHWGF remained flat at $0.76 on Friday. The company has a quick ratio of 2.78, a current ratio of 3.20 and a debt-to-equity ratio of 0.11. Shandong Weigao Medical Polymer has a one year low of $0.65 and a one year high of $0.76. The firm's fifty day simple moving average is $0.76 and its two-hundred day simple moving average is $0.75.

About Shandong Weigao Medical Polymer

Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, wholesale, and sale of medical devices in the People's Republic of China. It operates through Medical Device Products, Orthopaedic Products, Interventional Products, Pharma Packaging Products, Blood Management Products, and Others segments.