Chemring Group PLC (OTCMKTS:CMGMF) Short Interest Down 42.0% in May

Chemring Group PLC (OTCMKTS:CMGMF) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,978 shares, a drop of 42.0% from the April 30th total of 3,409 shares. Based on an average daily trading volume, of 1,421 shares, the days-to-cover ratio is currently 1.4 days.

Chemring Group Stock Performance

Shares of OTCMKTS CMGMF opened at C$6.95 on Tuesday. Chemring Group has a fifty-two week low of C$5.95 and a fifty-two week high of C$8.03. The stock has a fifty day moving average of C$6.97 and a 200-day moving average of 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.