Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Sees Significant Increase in Short Interest

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 2,423,900 shares, an increase of 53.3% from the November 15th total of 1,581,000 shares. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is currently 48.9 days.

Jiangxi Copper Stock Performance

Shares of OTCMKTS JIAXF remained flat at $1.76 during mid-day trading on Friday. The company has a 50-day simple moving average of $1.79 and a two-hundred day simple moving average of $1.80. Jiangxi Copper has a 52-week low of $1.28 and a 52-week high of $2.47.

About Jiangxi Copper

Jiangxi Copper Company Limited engages in exploring, mining, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper cathodes, copper rods and wires, sulphuric acid, and other products, as well as deposit, loan, guarantee, and financing consultation services.