Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 690,424 shares, a decline of 41.2% from the August 15th total of 1,173,991 shares. Based on an average daily volume of 1,923 shares, the short-interest ratio is currently 359.0 days.
Jiangxi Copper Price Performance
Shares of JIAXF remained flat at $4.46 during trading hours on Friday. 1,005 shares of the company traded hands, compared to its average volume of 3,750. Jiangxi Copper has a 1 year low of $3.42 and a 1 year high of $6.32. The business’s fifty day moving average is $4.51 and its 200-day moving average is $4.58.
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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