Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) Sees Significant Growth in Short Interest

Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 126,400 shares, a growth of 36.9% from the November 15th total of 92,300 shares. Based on an average trading volume of 238,000 shares, the days-to-cover ratio is currently 0.5 days.

Graphene Manufacturing Group Stock Performance

GMGMF traded down $0.01 during trading on Friday, hitting $0.44. 30,242 shares of the company’s stock traded hands, compared to its average volume of 99,388. The company’s 50 day simple moving average is $0.43 and its two-hundred day simple moving average is $0.45. Graphene Manufacturing Group has a 12-month low of $0.26 and a 12-month high of $1.13.

Graphene Manufacturing Group Company Profile

Graphene Manufacturing Group Ltd, a clean-technology, manufactures and supplies graphene powder. The company engages in the manufacture and sale of energy saving and energy storage solutions. Its products portfolio includes graphene aluminium-ion battery; THERMAL-XR, an HVAC coating system that enhance the conductivity of corroded heat exchange surfaces and maintain the performance of units; and G LUBRICANT, a graphene and lubricating oil.