China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Up 69.0% in June

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 7,100 shares, a growth of 69.0% from the May 31st total of 4,200 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are sold short.

China Jo-Jo Drugstores Stock Performance

Shares of NASDAQ:CJJD remained flat at $2.21 during trading on Friday. 7,076 shares of the stock were exchanged, compared to its average volume of 4,143. The business’s 50-day simple moving average is $2.60 and its two-hundred day simple moving average is $3.23. China Jo-Jo Drugstores has a fifty-two week low of $1.56 and a fifty-two week high of $4.70.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of China Jo-Jo Drugstores in a research report on Sunday, June 23rd. They set 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.