Maanshan Iron & Steel Company Limited (OTCMKTS:MAANF) Sees Large Increase in Short Interest

Maanshan Iron & Steel Company Limited (OTCMKTS:MAANF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 6,574,000 shares, an increase of 17,200.0% from the December 31st total of 38,000 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 21,913.3 days.

Maanshan Iron & Steel Stock Performance

Shares of MAANF opened at $0.18 on Thursday. The company has a 50-day simple moving average of $0.17 and a two-hundred day simple moving average of $0.15. Maanshan Iron & Steel has a one year low of $0.10 and a one year high of $0.22.

Maanshan Iron & Steel Company Profile

Maanshan Iron & Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and related by-products in Mainland China, Hong Kong, and internationally. The company offers steel plates, including hot and cold-rolled thin plates, galvanized plates, coil-coating plates, and medium plates; section steel products, such as H-shaped steel and medium-shaped steel; high-speed wire rod and hot-rolled reinforcing steel products; and train wheels and wheel rims.