WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) Sees Large Growth in Short Interest

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) was the target of a significant increase in short interest in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,507 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

WuXi AppTec Trading Up 1.4%

WUXAY stock opened at $26.34 on Tuesday. WuXi AppTec has a 1-year low of $12.45 and a 1-year high of $27.08. The business’s 50 day moving average is $24.27 and its 200-day moving average is $19.30.

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.