Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 280,629 shares, a decrease of 52.6% from the May 14th total of 591,933 shares. Based on an average daily volume of 5,196 shares, the days-to-cover ratio is currently 54.0 days.
Jiangxi Copper Price Performance
Jiangxi Copper stock remained flat at $4.09 during trading hours on Friday. The company’s stock had a trading volume of 5,591 shares, compared to its average volume of 4,057. The firm has a 50 day moving average price of $4.64 and a 200-day moving average price of $4.98. Jiangxi Copper has a 52-week low of $1.76 and a 52-week high of $6.32.
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.
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