Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) Short Interest Down 17.5% in January

Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 112,600 shares, a drop of 17.5% from the January 15th total of 136,500 shares. Based on an average daily trading volume, of 332,300 shares, the days-to-cover ratio is currently 0.3 days.

Graphene Manufacturing Group Price Performance

Shares of GMGMF traded up $0.02 during trading on Monday, reaching $0.78. 194,297 shares of the company traded hands, compared to its average volume of 179,143. Graphene Manufacturing Group has a twelve month low of $0.26 and a twelve month high of $1.00. The stock has a 50-day simple moving average of $0.52 and a 200-day simple moving average of $0.46.

About Graphene Manufacturing Group

Graphene Manufacturing Group Ltd, a clean-technology, manufactures and supplies graphene powder. The company engages in the manufacture and sale of energy saving and energy storage solutions. Its products portfolio includes graphene aluminium-ion battery; THERMAL-XR, an HVAC coating system that enhance the conductivity of corroded heat exchange surfaces and maintain the performance of units; and G LUBRICANT, a graphene and lubricating oil.