China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Up 3,740.0% in October

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 19,200 shares, a growth of 3,740.0% from the September 30th total of 500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of China Jo-Jo Drugstores in a research report on Monday. They issued a “sell” rating for the company.

China Jo-Jo Drugstores Stock Up 15.5 %

Shares of CJJD stock traded up $0.29 during trading hours on Friday, reaching $2.12. 29,744 shares of the stock were exchanged, compared to its average volume of 36,221. China Jo-Jo Drugstores has a 12-month low of $1.34 and a 12-month high of $3.59. The business’s fifty day moving average is $1.78 and its two-hundred day moving average is $2.26.

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.