Short Interest in Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) Drops By 99.8%

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,050 shares, a drop of 99.8% from the August 15th total of 4,165,050 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 769 shares, the short-interest ratio is presently 9.2 days.

Shandong Weigao Medical Polymer Price Performance

OTCMKTS:SHWGF traded down $0.00 during midday trading on Thursday, hitting $0.40. 600 shares of the company were exchanged, compared to its average volume of 9,734. Shandong Weigao Medical Polymer has a fifty-two week low of $0.40 and a fifty-two week high of $0.73. The company has a fifty day simple moving average of $0.43 and a 200 day simple moving average of $0.49.

About Shandong Weigao Medical Polymer

Shandong Weigao Medical Polymer Co, Ltd. (OTCMKTS: SHWGF) is a China-based manufacturer of single-use medical devices and medical polymer products. Headquartered in Weihai, Shandong Province, the company operates under the umbrella of the Weigao Group and focuses on the development, production and distribution of disposable medical consumables.

The company’s product portfolio encompasses infusion and transfusion sets, disposable syringes, intravenous catheters, blood filters and apheresis sets, as well as devices for enteral nutrition and medical-grade tubing.