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

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 99,500 shares, a drop of 63.8% from the August 30th total of 275,200 shares. Based on an average daily volume of 242,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. CVI Holdings LLC purchased a new position in shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 79,634 shares of the company’s stock, valued at approximately $88,000. CVI Holdings LLC owned about 0.24% of China Jo-Jo Drugstores at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.84% of the company’s stock.

CJJD stock traded up $0.02 on Friday, hitting $1.22. The company had a trading volume of 140,572 shares, compared to its average volume of 172,714. China Jo-Jo Drugstores has a 12-month low of $1.01 and a 12-month high of $3.39. The company has a current ratio of 1.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $1.18 and its 200 day simple moving average is $1.31.

China Jo-Jo Drugstores (NASDAQ:CJJD) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $25.28 million for the quarter. China Jo-Jo Drugstores had a negative return on equity of 15.04% and a negative net margin of 2.37%.

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.

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