Short Interest in China Jo-Jo Drugstores Inc (NASDAQ:CJJD) Declines By 63.8%

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) saw a significant drop in short interest in 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. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 242,100 shares, the days-to-cover ratio is currently 0.4 days.

CJJD stock traded up $0.02 during trading on Friday, hitting $1.22. 140,572 shares of the company traded hands, compared to its average volume of 172,714. The stock’s 50-day simple moving average is $1.18 and its 200 day simple moving average is $1.31. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.34. China Jo-Jo Drugstores has a 1 year low of $1.01 and a 1 year high of $3.39.

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

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. CVI Holdings LLC purchased a new stake in shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 79,634 shares of the company’s stock, valued at approximately $88,000. CVI Holdings LLC owned approximately 0.24% of China Jo-Jo Drugstores at the end of the most recent quarter. 23.84% of the stock is currently owned by hedge funds and other institutional investors.

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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