China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Update

Sadye Matula

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD – Get Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 74,200 shares, a growth of 149.8% from the March 31st total of 29,700 shares. Approximately 2.8% of the shares of the […]


China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 74,200 shares, a growth of 149.8% from the March 31st total of 29,700 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 48,200 shares, the short-interest ratio is currently 1.5 days.

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in shares of China Jo-Jo Drugstores by 8.9% in the fourth quarter. Renaissance Technologies LLC now owns 814,299 shares of the company’s stock worth $306,000 after buying an additional 66,761 shares during the period. Virtu Financial LLC grew its position in China Jo-Jo Drugstores by 153.4% during the 4th quarter. Virtu Financial LLC now owns 84,127 shares of the company’s stock worth $32,000 after acquiring an additional 50,928 shares during the last quarter. Morgan Stanley grew its position in China Jo-Jo Drugstores by 5,013.6% during the 1st quarter. Morgan Stanley now owns 66,477 shares of the company’s stock worth $74,000 after acquiring an additional 65,177 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in China Jo-Jo Drugstores by 93.9% in the 3rd quarter. Citadel Advisors LLC now owns 55,452 shares of the company’s stock worth $35,000 after purchasing an additional 26,855 shares during the period. Hedge funds and other institutional investors own 14.46% of the company’s stock.

Separately, StockNews.com started coverage on China Jo-Jo Drugstores in a report on Wednesday. They issued a “hold” rating for the company.

Shares of CJJD opened at $2.02 on Friday. China Jo-Jo Drugstores has a 1 year low of $1.85 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $3.98 and a two-hundred day simple moving average of $5.10. The firm has a market cap of $7.03 million, a P/E ratio of -0.84 and a beta of 0.39.

China Jo-Jo Drugstores Company Profile (Get Rating)

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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