China Jo-Jo Drugstores Inc (NASDAQ:CJJD) Sees Significant Decrease in Short Interest

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 586,100 shares, a drop of 35.3% from the September 15th total of 906,500 shares. Based on an average daily trading volume, of 697,000 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the shares of the company are sold short.

Shares of NASDAQ CJJD traded up $0.01 during midday trading on Friday, reaching $0.92. The company had a trading volume of 107,159 shares, compared to its average volume of 1,295,466. The business’s 50-day simple moving average is $0.97 and its 200 day simple moving average is $1.60. The stock has a market cap of $34.74 million, a P/E ratio of -7.63 and a beta of 0.38. China Jo-Jo Drugstores has a 1 year low of $0.80 and a 1 year high of $3.46. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13.

China Jo-Jo Drugstores (NASDAQ:CJJD) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $31.05 million during the quarter. China Jo-Jo Drugstores had a negative return on equity of 17.97% and a negative net margin of 3.18%.

Separately, ValuEngine cut shares of China Jo-Jo Drugstores from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of China Jo-Jo Drugstores during the second quarter worth $67,000. Sabby Management LLC purchased a new position in shares of China Jo-Jo Drugstores during the second quarter worth $69,000. Finally, Two Sigma Securities LLC purchased a new position in shares of China Jo-Jo Drugstores during the second quarter worth $52,000. 17.05% of the stock is owned by institutional investors and hedge funds.

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.

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