Short Interest in Medicure Inc. (OTCMKTS:MCUJF) Grows By ∞

Medicure Inc. (OTCMKTS:MCUJF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 5,532 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 26,278 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Medicure Stock Down 3.8%

Shares of MCUJF opened at $1.79 on Tuesday. Medicure has a fifty-two week low of $0.67 and a fifty-two week high of $1.89. The company’s fifty day moving average is $1.08 and its two-hundred day moving average is $0.90. The firm has a market cap of $18.69 million, a PE ratio of -3.51 and a beta of 1.15. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.

Medicure (OTCMKTS:MCUJF) last posted its earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). Medicure had a negative return on equity of 54.55% and a negative net margin of 23.14%.The business had revenue of $5.36 million for the quarter, compared to analyst estimates of $2.45 million.

About Medicure

Medicure Pharmaceutical Corp. is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of therapies in the cardiovascular and critical‐care markets. The company advances its business through a combination of in-licensing, acquisitions and strategic partnerships designed to build a diversified portfolio of prescription products that address unmet medical needs.

Headquartered in Montreal, Canada, Medicure operates in North America and selectively in Europe through licensing agreements with regional distributors.