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

Chemring Group PLC (OTCMKTS:CMGMF) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 8,143 shares, a drop of 61.7% from the August 15th total of 21,266 shares. Based on an average trading volume of 2,718 shares, the days-to-cover ratio is presently 3.0 days.

Chemring Group Stock Performance

Shares of Chemring Group stock opened at C$7.20 on Monday. Chemring Group has a 1 year low of C$5.95 and a 1 year high of C$8.59. The firm’s 50-day moving average is C$7.83 and its 200 day moving average is C$7.28.

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.