Chemring Group PLC (OTCMKTS:CMGMF) Sees Significant Increase in Short Interest

Chemring Group PLC (OTCMKTS:CMGMF) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 4,301 shares, a growth of 117.4% from the May 14th total of 1,978 shares. Based on an average daily volume of 1,535 shares, the short-interest ratio is presently 2.8 days.

Chemring Group Stock Performance

Shares of OTCMKTS:CMGMF opened at C$6.85 on Friday. Chemring Group has a 52 week low of C$5.95 and a 52 week high of C$8.03. The company’s fifty day moving average is C$6.95 and its 200-day moving average is C$6.86.

Chemring Group Company Profile

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.