CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) Short Interest Up 5,949.3% in October

CSPC Pharmaceutical Group Limited (OTCMKTS:CSPCY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 429,500 shares, a growth of 5,949.3% from the October 15th total of 7,100 shares. Based on an average daily trading volume, of 313,200 shares, the days-to-cover ratio is currently 1.4 days.

CSPC Pharmaceutical Group Stock Down 1.7 %

Shares of OTCMKTS CSPCY opened at C$2.63 on Thursday. CSPC Pharmaceutical Group has a twelve month low of C$2.25 and a twelve month high of C$3.82. The stock has a fifty day simple moving average of C$2.87 and a 200-day simple moving average of C$3.03.

CSPC Pharmaceutical Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 1st will be paid a $0.0575 dividend. The ex-dividend date is Friday, November 1st. This is a boost from CSPC Pharmaceutical Group’s previous dividend of $0.06.

About CSPC Pharmaceutical Group

CSPC Pharmaceutical Group Limited, an investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical products in the People's Republic of China, other Asian regions, North America, Europe, and internationally. The company operates through Finished Drugs, Bulk Products, and Functional Food and Others segments.