Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Sees Significant Growth in Short Interest

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 15,679,000 shares, a growth of 80.2% from the February 28th total of 8,699,000 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 2,613.2 days.

Jiangxi Copper Stock Performance

Shares of OTCMKTS:JIAXF remained flat at $1.83 during trading on Friday. 1 shares of the stock were exchanged, compared to its average volume of 1,507. Jiangxi Copper has a fifty-two week low of $1.42 and a fifty-two week high of $2.47. The business’s 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $1.66.

About Jiangxi Copper

Jiangxi Copper Company Limited engages in exploring, mining, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper cathodes, copper rods and wires, sulphuric acid, and other products, as well as deposit, loan, guarantee, and financing consultation services.