Short Interest in Raia Drogasil S.A. (OTCMKTS:RADLY) Grows By 426.4%

Raia Drogasil S.A. (OTCMKTS:RADLY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 42,192 shares, an increase of 426.4% from the February 26th total of 8,015 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 27,838 shares, the days-to-cover ratio is currently 1.5 days.

Raia Drogasil Stock Down 1.5%

OTCMKTS RADLY opened at $4.73 on Thursday. The business has a 50-day moving average price of $4.78 and a 200-day moving average price of $4.27. Raia Drogasil has a twelve month low of $2.17 and a twelve month high of $5.34.

Raia Drogasil Company Profile

Raia Drogasil SA is a leading Brazilian retail pharmacy operator, offering a comprehensive range of prescription and over-the-counter medications, health and wellness products, personal care and beauty items, as well as a selection of convenience goods. The company’s network of stores operates under the Raia and Drogasil banners, serving diverse consumer needs across major urban centers. Complementary services include in-store prescription dispensing, compounding pharmacies and health screening programs such as blood pressure and glucose monitoring.

The company was formed in 2011 through the merger of two established Brazilian pharmacy chains, Drogasil and Droga Raia, each with origins dating back several decades.