Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Short Interest Up 50.5% in August

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,173,991 shares, a growth of 50.5% from the July 30th total of 779,822 shares. Based on an average trading volume of 1,027 shares, the short-interest ratio is presently 1,143.1 days.

Jiangxi Copper Stock Performance

Shares of Jiangxi Copper stock remained flat at $4.81 on Tuesday. 1,140 shares of the company’s stock traded hands, compared to its average volume of 3,512. The firm has a 50 day moving average price of $4.34 and a 200-day moving average price of $4.68. Jiangxi Copper has a 52 week low of $2.90 and a 52 week high of $6.32.

Jiangxi Copper Company Profile

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.