Raia Drogasil S.A. ( OTCMKTS:RADLY – Get Free Report ) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 793 shares, a decline of 40.3% from the September 30th total of 1,328 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 349,085 shares, the short-interest ratio is currently 0.0 days.
Analysts Set New Price Targets
Separately, Jefferies Financial Group upgraded shares of Raia Drogasil to a “buy” rating and set a $5.20 price objective for the company in a research report on Sunday, October 18th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Raia Drogasil currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.20.
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Raia Drogasil Trading Down 3.2%
Shares of Raia Drogasil stock traded down $0.09 on Friday, reaching $2.76. 4,628 shares of the company’s stock were exchanged, compared to its average volume of 186,223. The company has a market capitalization of $3.63 billion and a P/E ratio of 18.40. Raia Drogasil h...