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

Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) was the target of a significant decline in short interest in 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 short-interest ratio is presently ∞ days.

Shin Nippon Biomedical Laboratories Stock Performance

SBLOF stock remained flat at $9.82 during trading on Thursday. The business’s fifty day simple moving average is $16.68 and its 200-day simple moving average is $16.87. Shin Nippon Biomedical Laboratories has a fifty-two week low of $16.97 and a fifty-two 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.