Zhaojin Mining Industry Company Limited (OTCMKTS:ZHAOF) Short Interest Update

Zhaojin Mining Industry Company Limited (OTCMKTS:ZHAOF) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 14,895,297 shares, a growth of 161.2% from the August 15th total of 5,703,254 shares. Based on an average daily volume of 1,545 shares, the days-to-cover ratio is currently 9,641.0 days.

Zhaojin Mining Industry Stock Performance

ZHAOF opened at $2.55 on Friday. Zhaojin Mining Industry has a one year low of $2.06 and a one year high of $4.40. The business’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $3.01.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Zhaojin Mining Industry to a “neutral” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Zhaojin Mining Industry Company Profile

Zhaojin Mining Industry Company Limited operates as one of China’s leading gold producers, focusing on the exploration, mining, processing and sale of gold and associated precious metals. Headquartered in Zhaoyuan City, Shandong Province, the company’s core activities include underground and open-pit mining, ore beneficiation and refinery operations. Its product portfolio primarily consists of gold dore bars and gold concentrates, along with by-product silver, which it sells to industrial customers and trading houses both domestically and abroad.

The company maintains a network of mines and processing facilities across Shandong Province, where it applies conventional mining techniques alongside modern beneficiation methods such as carbon-in-pulp (CIP) and flotation to optimize recovery rates.