Raffles Medical Group Ltd (OTCMKTS:RAFLF) Sees Significant Growth in Short Interest

Raffles Medical Group Ltd (OTCMKTS:RAFLF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 191,200 shares, an increase of 20.3% from the August 15th total of 159,000 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 106.2 days.

Raffles Medical Group Stock Performance

Shares of RAFLF stock opened at $0.65 on Tuesday. Raffles Medical Group has a twelve month low of $0.65 and a twelve month high of $0.83. The stock’s fifty day simple moving average is $0.70 and its 200 day simple moving average is $0.73.

About Raffles Medical Group

Raffles Medical Group Ltd provides integrated private healthcare services primarily in Singapore, Greater China, Vietnam, Cambodia, and Japan. The company operates through Healthcare Services, Hospital Services, Investment Holdings, and Insurance Services segments. Its Raffles Hospital, a tertiary care hospital that offers a range of medical and surgical facilities include day angiography suites, operating theatres, delivery suites, intensive care unit, neonatal intensive care unit, radiology, clinical laboratory, and dental services.