Marimaca Copper Corp. (OTCMKTS:MARIF) Short Interest Up 466.0% in December

Marimaca Copper Corp. (OTCMKTS:MARIF) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 64,847 shares, a growth of 466.0% from the November 30th total of 11,457 shares. Based on an average daily trading volume, of 13,296 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily trading volume, of 13,296 shares, the days-to-cover ratio is presently 4.9 days.

Marimaca Copper Price Performance

Shares of MARIF remained flat at $8.13 on Friday. The company had a trading volume of 4,200 shares, compared to its average volume of 7,860. Marimaca Copper has a 1-year low of $3.07 and a 1-year high of $8.82. The company’s fifty day moving average is $7.90 and its 200-day moving average is $7.27.

Marimaca Copper Company Profile

Marimaca Copper Inc is a mineral exploration and development company focused on advancing the Marimaca copper project in the Antofagasta region of northern Chile. The company’s primary objective is to bring its near?surface, oxide copper deposit into production through a low?cost, heap?leach and solvent extraction?electrowinning (SX?EW) process. Marimaca Copper is listed on the OTC Markets under the ticker symbol MARIF.

The Marimaca deposit hosts a substantial oxide resource with demonstrated grade and scale, supported by detailed drilling and metallurgical test work.