China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Down 34.5% in February

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,500 shares, a decline of 34.5% from the January 31st total of 14,500 shares. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of China Jo-Jo Drugstores in a report on Wednesday. They issued a “sell” rating on the stock.

China Jo-Jo Drugstores Price Performance

Shares of China Jo-Jo Drugstores stock opened at $1.61 on Friday. China Jo-Jo Drugstores has a 52-week low of $1.29 and a 52-week high of $3.59. The company’s fifty day moving average price is $1.65 and its two-hundred day moving average price is $1.81.

China Jo-Jo Drugstores Company Profile

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.