Chemring Group PLC (OTCMKTS:CMGMF – Get Free Report) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,008 shares, a drop of 75.3% from the August 31st total of 8,143 shares. Based on an average trading volume of 28 shares, the days-to-cover ratio is currently 71.7 days.
Chemring Group Price Performance
CMGMF traded down C$0.20 during trading on Monday, hitting C$7.00. 1,000 shares of the company traded hands, compared to its average volume of 3,247. Chemring Group has a one year low of C$5.95 and a one year high of C$8.59. The stock’s fifty day moving average is C$7.81 and its 200 day moving average is C$7.29.
Chemring Group Company Profile
Chemring Group plc is a United Kingdom-based defense and security company that develops and manufactures specialized technologies for military and government customers. Its activities are organized broadly around sensors and information systems, countermeasures, and energetics.
The company supplies products used in electronic warfare, intelligence, surveillance and reconnaissance, threat detection, and protection against chemical, biological, radiological and nuclear hazards. It also produces energetic materials and advanced countermeasure systems designed to protect aircraft, vehicles, naval platforms and personnel from evolving threats.
Chemring serves defense and security markets in the United Kingdom, the United States, Australia and other international jurisdictions.
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