WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) Stock Short Interest Rises 123.1%

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,886 shares, an increase of 123.1% from the August 31st total of 1,742 shares. Based on an average daily volume of 2,507 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the shares of the stock are short sold.

WuXi AppTec Stock Performance

Shares of WUXAY opened at $25.98 on Monday. The stock has a fifty day moving average price of $24.15 and a two-hundred day moving average price of $19.21. WuXi AppTec has a 52-week low of $12.45 and a 52-week high of $27.08.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of WuXi AppTec from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About WuXi AppTec

WuXi AppTec is a global pharmaceutical and biotechnology services company that provides research, development, and manufacturing support to pharmaceutical, biotechnology, and medical device companies. Its integrated platform is designed to help customers discover, develop, test, and manufacture medicines and healthcare products.

The company’s services include small-molecule drug discovery and development, laboratory testing, clinical research support, and pharmaceutical manufacturing. WuXi AppTec also provides capabilities in biologics, cell and gene therapies, medical devices, and other advanced therapeutic areas, serving customers across multiple stages of the product-development process.

Founded in 2000, WuXi AppTec is headquartered in Shanghai, China, and operates through a global network of research, testing, and manufacturing facilities in China, the United States, Europe, and other international markets.