MediPal Holdings Co. (OTCMKTS:MAHLY – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 301 shares, a drop of 41.4% from the May 14th total of 514 shares. Based on an average daily volume of 489 shares, the days-to-cover ratio is currently 0.6 days.
MediPal Price Performance
OTCMKTS MAHLY remained flat at $16.64 on Monday. 3 shares of the company’s stock were exchanged, compared to its average volume of 833. MediPal has a twelve month low of $14.60 and a twelve month high of $20.35. The stock has a 50 day moving average price of $18.90 and a 200-day moving average price of $18.46.
About MediPal
MediPal (OTCMKTS: MAHLY) represents the American depositary receipts of Medipal Holdings Corporation, a Tokyo‐based integrated healthcare distributor. The company specializes in the procurement, warehousing and delivery of prescription pharmaceuticals, over-the-counter medicines, medical devices and nutritional supplements. Through its extensive logistics network, MediPal services a wide range of clients including retail pharmacies, drugstores, hospitals and clinics across Japan.
In addition to its core distribution activities, MediPal offers ancillary services such as in-store pharmacy management support, inventory control systems and consulting for healthcare retailers.
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