Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,462,110 shares, a growth of 410.9% from the June 15th total of 286,195 shares. Based on an average trading volume of 2,153 shares, the days-to-cover ratio is currently 679.1 days.
Jiangxi Copper Stock Performance
Jiangxi Copper stock remained flat at $3.68 during trading on Monday. 780 shares of the company were exchanged, compared to its average volume of 3,731. The business’s 50-day simple moving average is $4.37 and its 200-day simple moving average is $4.96. Jiangxi Copper has a 12-month low of $1.96 and a 12-month high of $6.32.
Jiangxi Copper Company Profile
Jiangxi Copper Co, Ltd. is one of China’s leading integrated copper producers, engaging in the exploration, mining, smelting, refining and sale of copper and its by-products. Headquartered in Nanchang, Jiangxi Province, the company operates large-scale mining and processing facilities, including the Dexing copper mine—one of Asia’s largest open-pit copper mines. Its vertically integrated operations span the full copper value chain, from ore extraction to refined copper cathodes.
In addition to copper, Jiangxi Copper produces a range of nonferrous metal and chemical by-products, including gold, silver, molybdenum, sulfuric acid and other specialty chemicals.
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