Short Interest in Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) Increases By 127.7%

Key Points

• Short interest in Shandong Weigao Medical Polymer Co. increased by 127.7% in July, rising to 3,784,400 shares from 1,662,100 shares.
• The current short-interest ratio is an extraordinary 7,568.8 days, suggesting significant bearish sentiment with only about 0.1% of the company's shares short sold.
• Shandong Weigao Medical Polymer's stock opened at $0.76, with a fifty-two week range of $0.65 to $0.76, showing stable performance in its trading range.

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,784,400 shares, anincreaseof127.7% from the July 15th total of 1,662,100 shares. Approximately0.1% of the company's stock are sold short. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 7,568.8 days. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 7,568.8 days. Approximately0.1% of the company's stock are sold short.

Shandong Weigao Medical Polymer Stock Performance

Shares of Shandong Weigao Medical Polymer stock remained flat at $0.7649 during midday trading on Friday. The firm's 50-day moving average is $0.76 and its two-hundred day moving average is $0.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.78 and a current ratio of 3.20. Shandong Weigao Medical Polymer has a twelve month low of $0.6540 and a twelve month high of $0.7649.

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.