Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 591,933 shares, a decline of 39.8% from the April 30th total of 982,815 shares. Based on an average daily volume of 6,661 shares, the days-to-cover ratio is presently 88.9 days.
Jiangxi Copper Stock Performance
OTCMKTS:JIAXF opened at $4.57 on Thursday. Jiangxi Copper has a one year low of $1.76 and a one year high of $6.32. The firm has a 50-day simple moving average of $4.67 and a 200-day simple moving average of $4.97.
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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