Short Interest in Cipher Pharmaceuticals Inc. (OTCMKTS:CPHRF) Drops By 9.6%

Cipher Pharmaceuticals Inc. (OTCMKTS:CPHRF) (TSE:CPH) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 79,800 shares, a drop of 9.6% from the October 15th total of 88,300 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is currently 3.4 days.

Cipher Pharmaceuticals Trading Down 0.5 %

CPHRF traded down $0.05 during trading on Friday, hitting $9.70. 24,485 shares of the stock were exchanged, compared to its average volume of 23,110. The firm has a 50 day simple moving average of $11.36 and a 200 day simple moving average of $9.12. Cipher Pharmaceuticals has a 1 year low of $3.90 and a 1 year high of $14.60.

About Cipher Pharmaceuticals

Cipher Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution indicated for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Ozanex for the topical treatment of impetigo; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.