Short Interest in Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Drops By 39.8%

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 591,933 shares, a drop of 39.8% from the April 30th total of 982,815 shares. Based on an average daily trading volume, of 6,661 shares, the short-interest ratio is presently 88.9 days.

Jiangxi Copper Price Performance

Shares of JIAXF stock remained flat at $4.57 during trading hours on Wednesday. 430 shares of the stock traded hands, compared to its average volume of 3,748. The stock has a fifty day moving average of $4.67 and a two-hundred day moving average of $4.96. Jiangxi Copper has a twelve month low of $1.76 and a twelve month high of $6.32.

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.