Chemring Group PLC (OTCMKTS:CMGMF) Sees Large Increase in Short Interest

Chemring Group PLC (OTCMKTS:CMGMF) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 4,301 shares, an increase of 117.4% from the May 14th total of 1,978 shares. Based on an average daily trading volume, of 1,535 shares, the short-interest ratio is currently 2.8 days.

Chemring Group Stock Performance

Shares of OTCMKTS CMGMF opened at C$6.85 on Friday. The firm’s 50-day simple moving average is C$6.95 and its 200 day simple moving average is C$6.86. Chemring Group has a 12-month low of C$5.95 and a 12-month high of C$8.03.

Chemring Group Company Profile

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.