Short Interest in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Decreases By 11.6%

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 26,700 shares, a drop of 11.6% from the November 15th total of 30,200 shares. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of China Jo-Jo Drugstores in a research note on Monday. They issued a “sell” rating on the stock.

China Jo-Jo Drugstores Trading Down 2.7 %

Shares of CJJD traded down $0.05 during mid-day trading on Tuesday, reaching $1.83. 4,344 shares of the company’s stock were exchanged, compared to its average volume of 32,225. China Jo-Jo Drugstores has a 52-week low of $1.34 and a 52-week high of $3.59. The company has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $2.07.

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.