Short Interest in Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) Declines By 50.4%

Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 91,000 shares, a drop of 50.4% from the July 15th total of 183,400 shares. Based on an average daily volume of 109,100 shares, the days-to-cover ratio is currently 0.8 days.

Graphene Manufacturing Group Stock Performance

GMGMF traded up $0.01 on Tuesday, reaching $0.38. 121,420 shares of the stock were exchanged, compared to its average volume of 101,731. The company’s 50-day moving average price is $0.46 and its 200 day moving average price is $0.54. Graphene Manufacturing Group has a fifty-two week low of $0.26 and a fifty-two week high of $1.39.

About Graphene Manufacturing Group

Graphene Manufacturing Group Ltd, a clean-technology, manufactures and supplies graphene powder. The company engages in the manufacture and sale of energy saving and energy storage solutions. Its products portfolio includes graphene aluminium-ion battery; THERMAL-XR, an HVAC coating system that enhance the conductivity of corroded heat exchange surfaces and maintain the performance of units; and G LUBRICANT, a graphene and lubricating oil.