China National Building Material Company Limited (OTCMKTS:CBUMY) Sees Large Decrease in Short Interest

China National Building Material Company Limited (OTCMKTS:CBUMY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, a drop of 94.7% from the February 28th total of 3,800 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 0.2 days.

China National Building Material Price Performance

Shares of CBUMY stock traded up $0.18 during trading hours on Wednesday, reaching $25.98. The company’s stock had a trading volume of 23,905 shares, compared to its average volume of 1,991. The firm’s fifty day simple moving average is $24.82 and its 200 day simple moving average is $22.05. China National Building Material has a one year low of $13.10 and a one year high of $26.34.

About China National Building Material

China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others. It produces and sells cement, concrete, and fibreglass, as well as composite and light building materials.