Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,173,991 shares, an increase of 50.5% from the July 30th total of 779,822 shares. Based on an average daily volume of 1,027 shares, the short-interest ratio is presently 1,143.1 days.
Jiangxi Copper Price Performance
OTCMKTS JIAXF opened at $4.81 on Thursday. Jiangxi Copper has a 12-month low of $2.90 and a 12-month high of $6.32. The company has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $4.67.
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.
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