Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) Sees Significant Decrease in Short Interest

Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 29,800 shares, a drop of 57.5% from the February 13th total of 70,200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Shin Nippon Biomedical Laboratories Price Performance

Shares of SBLOF stock opened at $9.51 on Friday. The stock has a 50-day simple moving average of $9.78 and a 200 day simple moving average of $13.08. Shin Nippon Biomedical Laboratories has a fifty-two week low of $9.51 and a fifty-two week high of $9.82.

About Shin Nippon Biomedical Laboratories

Shin Nippon Biomedical Laboratories, Ltd., a contract research organization, engages in the transactional research and medipolis businesses in Japan and internationally. It offers non-clinical studies, including single/repeated dose toxicity studies, antigenicity studies, skin sensitization studies, genotoxicity studies, carcinogenicity studies, local irritation studies, inhalation toxicity studies, TK studies, characteristic studies, stability studies, dependence studies, reproductive and developmental toxicity studies, safety pharmacological studies, and pharmacokinetic studies.