Short Interest in CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) Decreases By 98.9%

CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 4,900 shares, a decrease of 98.9% from the October 31st total of 429,500 shares. Based on an average daily volume of 40,600 shares, the days-to-cover ratio is currently 0.1 days.

CSPC Pharmaceutical Group Stock Performance

CSPCY traded up C$0.08 on Thursday, hitting C$2.64. 5,526 shares of the company were exchanged, compared to its average volume of 40,428. The stock’s fifty day moving average is C$2.93 and its 200-day moving average is C$2.97. CSPC Pharmaceutical Group has a 12 month low of C$2.25 and a 12 month high of C$3.82.

CSPC Pharmaceutical Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 1st will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a boost 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.