WuXi AppTec Co., Ltd. (OTCMKTS:WUXIF) Sees Significant Decline in Short Interest

WuXi AppTec Co., Ltd. (OTCMKTS:WUXIF) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 302,277 shares, a drop of 33.8% from the May 14th total of 456,756 shares. Based on an average daily trading volume, of 328 shares, the days-to-cover ratio is currently 921.6 days.

WuXi AppTec Stock Performance

WuXi AppTec stock opened at $15.63 on Thursday. WuXi AppTec has a twelve month low of $13.54 and a twelve month high of $18.15. The stock’s 50 day moving average is $16.31 and its 200 day moving average is $14.76.

About WuXi AppTec

WuXi AppTec is a global contract research, development and manufacturing organization serving the pharmaceutical, biotechnology and medical device industries. The company provides end-to-end solutions spanning discovery biology, medicinal chemistry, preclinical safety assessment, clinical trial support, and large-scale manufacturing of small molecules, biologics and advanced therapies. By integrating scientific expertise with state-of-the-art laboratory and production facilities, WuXi AppTec enables clients to accelerate the development of new treatments while managing time and cost pressures.

Key service offerings include custom synthesis and process research for active pharmaceutical ingredients (APIs), biologics development and manufacturing, cell line development, gene therapy support, as well as comprehensive analytical and testing services.