CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) Short Interest Up 14.5% in October

CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 7,100 shares, a growth of 14.5% from the September 30th total of 6,200 shares. Based on an average daily trading volume, of 59,900 shares, the days-to-cover ratio is presently 0.1 days.

CSPC Pharmaceutical Group Price Performance

OTCMKTS:CSPCY opened at C$3.07 on Thursday. The stock has a 50-day simple moving average of C$2.81 and a two-hundred day simple moving average of C$3.05. CSPC Pharmaceutical Group has a 52-week low of C$2.25 and a 52-week high of C$3.82.

CSPC Pharmaceutical Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 1st will be issued a $0.0575 dividend. This is an increase from CSPC Pharmaceutical Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Friday, November 1st.

About CSPC Pharmaceutical Group

CSPC Pharmaceutical Group Limited, an investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical products in the People's Republic of China, other Asian regions, North America, Europe, and internationally. The company operates through Finished Drugs, Bulk Products, and Functional Food and Others segments.