Short Interest in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Drops By 36.6%

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totalling 4,500 shares, a drop of 36.6% from the June 15th total of 7,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on China Jo-Jo Drugstores in a research note on Tuesday. They set a “sell” rating for the company.

China Jo-Jo Drugstores Trading Down 3.4 %

China Jo-Jo Drugstores stock traded down $0.08 during midday trading on Friday, reaching $2.27. The stock had a trading volume of 6,567 shares, compared to its average volume of 48,281. The firm’s fifty day simple moving average is $2.52 and its two-hundred day simple moving average is $3.14. China Jo-Jo Drugstores has a twelve month low of $1.56 and a twelve month high of $4.70.

About China Jo-Jo Drugstores

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.