Chemring Group PLC (OTCMKTS:CMGMF) Stock Short Interest Falls 75.3%

Chemring Group PLC (OTCMKTS:CMGMF) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,008 shares, a drop of 75.3% from the August 31st total of 8,143 shares. Based on an average daily volume of 28 shares, the days-to-cover ratio is currently 71.7 days.

Chemring Group Price Performance

Shares of CMGMF stock remained flat at C$7.20 during trading on Friday. Chemring Group has a one year low of C$5.95 and a one year high of C$8.59. The business’s 50 day moving average is C$7.81 and its 200 day moving average is C$7.29.

About Chemring Group

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.