CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) Sees Large Growth in Short Interest

CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 20,100 shares, a growth of 34.9% from the June 30th total of 14,900 shares. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is currently 0.9 days.

CSPC Pharmaceutical Group Price Performance

CSPCY opened at C$2.91 on Friday. The firm has a 50 day moving average of C$3.23 and a two-hundred day moving average of C$3.16. CSPC Pharmaceutical Group has a 12-month low of C$2.63 and a 12-month high of C$3.71.

CSPC Pharmaceutical Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 11th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.0573 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from CSPC Pharmaceutical Group’s previous dividend of $0.06.

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.