Chemring Group PLC (OTCMKTS:CMGMF – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 2,008 shares, a decrease of 75.3% from the August 31st total of 8,143 shares. Based on an average daily trading volume, of 28 shares, the days-to-cover ratio is currently 71.7 days.
Chemring Group Price Performance
Shares of CMGMF stock remained flat at C$7.20 during trading hours on Friday. Chemring Group has a 1 year low of C$5.95 and a 1 year high of C$8.59. The firm has a 50-day moving average price of C$7.81 and a 200 day moving average price of C$7.29.
About Chemring Group
Chemring Group plc is a United Kingdom-based defense and security company that develops and manufactures specialized technologies for military and government customers. Its activities are organized broadly around sensors and information systems, countermeasures, and energetics.
The company supplies products used in electronic warfare, intelligence, surveillance and reconnaissance, threat detection, and protection against chemical, biological, radiological and nuclear hazards. It also produces energetic materials and advanced countermeasure systems designed to protect aircraft, vehicles, naval platforms and personnel from evolving threats.
Chemring serves defense and security markets in the United Kingdom, the United States, Australia and other international jurisdictions.
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