Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 280,629 shares, a decline of 52.6% from the May 14th total of 591,933 shares. Based on an average trading volume of 5,196 shares, the days-to-cover ratio is presently 54.0 days.
Jiangxi Copper Price Performance
Shares of Jiangxi Copper stock remained flat at $4.09 on Monday. 5,591 shares of the stock were exchanged, compared to its average volume of 4,057. Jiangxi Copper has a twelve month low of $1.76 and a twelve month high of $6.32. The stock’s fifty day simple moving average is $4.63 and its two-hundred day simple moving average is $4.99.
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.
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