CMOC Group Limited (OTCMKTS:CMCLF) Short Interest Up 4,672.3% in August

CMOC Group Limited (OTCMKTS:CMCLF) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 4,376,747 shares, an increase of 4,672.3% from the July 30th total of 91,711 shares. Based on an average daily trading volume, of 23,323 shares, the days-to-cover ratio is currently 187.7 days.

CMOC Group Stock Down 8.5%

Shares of OTCMKTS CMCLF traded down $0.20 during midday trading on Tuesday, reaching $2.15. 587 shares of the company traded hands, compared to its average volume of 19,894. The stock’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.39. CMOC Group has a 12 month low of $1.03 and a 12 month high of $3.55.

About CMOC Group

CMOC Group (OTCMKTS: CMCLF) is a China-based mining and metals company with a diversified portfolio of base metals and critical minerals. The company’s core business activities encompass the exploration, development and production of copper, molybdenum, cobalt, niobium, phosphate, tungsten and gold. Through a combination of wholly owned and joint-venture operations, CMOC Group serves industrial, energy and technology markets worldwide.

Among CMOC Group’s principal assets is the Tenke Fungurume mine in the Democratic Republic of the Congo, one of the world’s largest sources of copper and cobalt.