China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Up 128.1% in October

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 43,800 shares, a growth of 128.1% from the October 15th total of 19,200 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,600 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

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

China Jo-Jo Drugstores Price Performance

CJJD stock traded up $0.02 during mid-day trading on Friday, reaching $2.14. 5,663 shares of the stock traded hands, compared to its average volume of 34,757. China Jo-Jo Drugstores has a 52-week low of $1.34 and a 52-week high of $3.59. The stock’s fifty day moving average is $1.94 and its 200-day moving average is $2.19.

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.