Computer Modelling Group Ltd. (OTCMKTS:CMDXF) Sees Significant Drop in Short Interest

Computer Modelling Group Ltd. (OTCMKTS:CMDXF) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 139,800 shares, a decrease of 21.2% from the November 15th total of 177,400 shares. Based on an average daily volume of 253,100 shares, the short-interest ratio is currently 0.6 days.

Computer Modelling Group Stock Performance

Shares of CMDXF traded down $0.16 during midday trading on Friday, hitting $7.59. 19,717 shares of the company’s stock traded hands, compared to its average volume of 26,426. Computer Modelling Group has a 1 year low of $6.42 and a 1 year high of $10.60. The firm’s fifty day moving average is $8.14 and its 200-day moving average is $8.96.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.