Short Interest in Chemring Group PLC (OTCMKTS:CMGMF) Rises By 212.4%

Chemring Group PLC (OTCMKTS:CMGMF) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 15,637 shares, a growth of 212.4% from the July 15th total of 5,006 shares. Based on an average trading volume of 7,846 shares, the days-to-cover ratio is presently 2.0 days.

Chemring Group Stock Performance

Shares of CMGMF remained flat at C$8.59 during trading hours on Thursday. Chemring Group has a 1 year low of C$5.95 and a 1 year high of C$8.59. The company’s 50-day moving average is C$7.37 and its two-hundred day moving average is C$7.16.

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.