Short Interest in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Rises By 128.1%

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 43,800 shares, an increase of 128.1% from the October 15th total of 19,200 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 17,600 shares, the short-interest ratio is presently 2.5 days.

China Jo-Jo Drugstores Price Performance

Shares of CJJD traded up $0.04 on Wednesday, hitting $2.16. The company’s stock had a trading volume of 2,099 shares, compared to its average volume of 35,035. The firm’s fifty day moving average price is $1.92 and its 200-day moving average price is $2.19. China Jo-Jo Drugstores has a fifty-two week low of $1.34 and a fifty-two week high of $3.59.

Analyst Ratings Changes

Separately, StockNews.com began coverage on China Jo-Jo Drugstores in a report on Wednesday, November 6th. They issued a “sell” rating on the stock.

China Jo-Jo Drugstores Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.