Short Interest in Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Decreases By 45.1%

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 779,822 shares, a decline of 45.1% from the July 15th total of 1,420,711 shares. Based on an average daily volume of 2,988 shares, the short-interest ratio is presently 261.0 days.

Jiangxi Copper Price Performance

Shares of Jiangxi Copper stock remained flat at $4.93 on Monday. 554 shares of the stock were exchanged, compared to its average volume of 3,575. Jiangxi Copper has a twelve month low of $2.56 and a twelve month high of $6.32. The stock’s fifty day simple moving average is $4.26 and its two-hundred day simple moving average is $4.76.

About Jiangxi Copper

Jiangxi Copper Co, Ltd. is one of China’s leading integrated copper producers, engaging in the exploration, mining, smelting, refining and sale of copper and its by-products. Headquartered in Nanchang, Jiangxi Province, the company operates large-scale mining and processing facilities, including the Dexing copper mine—one of Asia’s largest open-pit copper mines. Its vertically integrated operations span the full copper value chain, from ore extraction to refined copper cathodes.

In addition to copper, Jiangxi Copper produces a range of nonferrous metal and chemical by-products, including gold, silver, molybdenum, sulfuric acid and other specialty chemicals.