Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Sees Large Decrease in Short Interest

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 690,424 shares, a decrease of 41.2% from the August 15th total of 1,173,991 shares. Based on an average daily trading volume, of 1,923 shares, the short-interest ratio is presently 359.0 days.

Jiangxi Copper Stock Performance

JIAXF remained flat at $4.46 during trading hours on Wednesday. The company had a trading volume of 1,106 shares, compared to its average volume of 3,750. Jiangxi Copper has a 52 week low of $3.42 and a 52 week high of $6.32. The firm’s 50-day simple moving average is $4.48 and its two-hundred day simple moving average is $4.60.

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.