WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) Stock Short Interest Jumps 2,951.1%

by · The Markets Daily

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 175,103 shares, an increase of 2,951.1% from the September 30th total of 5,739 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 57,620 shares, the days-to-cover ratio is presently 3.0 days.

WuXi AppTec Trading Up 5.5%

OTCMKTS WUXAY traded up $1.30 during trading on Monday, reaching $25.01. The company’s stock had a trading volume of 6,432 shares, compared to its average volume of 5,115. The business’s fifty day moving average price is $25.72 and its 200-day moving average price is $20.88. WuXi AppTec has a twelve month low of $12.45 and a twelve month high of $28.69.

Analysts Set New Price Targets

Separately, Zacks Research downgraded WuXi AppTec from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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WuXi AppTec Company Profile

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WuXi AppTec is a global pharmaceutical and biotechnology services company that provides contract research, development and manufacturing services. The company supports drug developers throughout the product life cycle, from early-stage discovery and laboratory testing through clinical development and commercial production.

Its offerings include medicinal and synthetic chemistry, biology research, preclinical and clinical testing, regulatory support, pharmaceutical manufacturing, and the development and manufacturing of advanced therapies.

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