Short Interest in Raia Drogasil S.A. (OTCMKTS:RADLY) Drops By 28.6%

Raia Drogasil S.A. (OTCMKTS:RADLY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 18,200 shares, a decrease of 28.6% from the August 15th total of 25,500 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 1.3 days.

Raia Drogasil Trading Down 2.9 %

Shares of OTCMKTS RADLY traded down $0.14 during mid-day trading on Friday, reaching $4.70. The company had a trading volume of 19,434 shares, compared to its average volume of 30,782. Raia Drogasil has a 52 week low of $3.87 and a 52 week high of $14.00. The business’s 50-day moving average is $5.15 and its 200-day moving average is $5.13.

Raia Drogasil Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, July 18th will be given a dividend of $0.0059 per share. The ex-dividend date of this dividend is Thursday, July 18th.

Raia Drogasil Company Profile

Raia Drogasil SA engages in the retail sale of medicines, perfumery, personal care and beauty products, cosmetics, dermocosmetics, and specialty medicines in Brazil. It also markets its goods through telesales and call centers in the states of São Paulo, Tocantins, and Pernambuco. The company was founded in 1905 and is headquartered in São Paulo, Brazil.