Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) Sees Large Increase in Short Interest

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 4,451,429 shares, a growth of 745.8% from the March 31st total of 526,267 shares. Based on an average trading volume of 5,455 shares, the short-interest ratio is currently 816.0 days. Currently, 0.1% of the company's shares are sold short.Shandong Weigao Medical Polymer Stock PerformanceShares of Shandong Weigao Medical Polymer stock remained flat at $0.45 on Friday. The firm has a 50-day moving average of $0.63 and a 200 day moving average of $0.67. Shandong Weigao Medical Polymer has a 12 month low of $0.45 and a 12 month high of $0.73. Shandong Weigao Medical Polymer Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Shandong Weigao Medical PolymerThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Shandong Weigao Medical Polymer Right Now?Before you consider Shandong Weigao Medical Polymer, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shandong Weigao Medical Polymer wasn't on the list.While Shandong Weigao Medical Polymer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here