Short Interest in Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) Drops By 49.7%

Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 196,000 shares, a decline of 49.7% from the October 31st total of 389,800 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Shin Nippon Biomedical Laboratories Stock Performance

Shares of SBLOF remained flat at $9.82 during mid-day trading on Thursday. The firm has a 50-day simple moving average of $16.68 and a two-hundred day simple moving average of $16.87. Shin Nippon Biomedical Laboratories has a 52-week low of $16.97 and a 52-week high of $16.97.

Shin Nippon Biomedical Laboratories Company Profile

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.