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

Shin Nippon Biomedical Laboratories, Ltd. (OTCMKTS:SBLOF) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 24,900 shares, a decline of 16.4% from the February 28th total of 29,800 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 249.0 days.

Shin Nippon Biomedical Laboratories Price Performance

OTCMKTS SBLOF remained flat at $9.51 on Tuesday. The stock’s fifty day moving average price is $9.71 and its 200-day moving average price is $12.45. Shin Nippon Biomedical Laboratories has a 12 month low of $9.51 and a 12 month high of $9.82.

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.