Short Interest in CMOC Group Limited (OTCMKTS:CMCLF) Decreases By 92.0%

CMOC Group Limited (OTCMKTS:CMCLF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 348,465 shares, a decline of 92.0% from the August 15th total of 4,376,747 shares. Based on an average daily trading volume, of 15,079 shares, the short-interest ratio is currently 23.1 days.

CMOC Group Stock Performance

CMOC Group stock traded down $0.25 during trading hours on Thursday, reaching $2.20. 7,065 shares of the company’s stock were exchanged, compared to its average volume of 19,070. The firm’s 50 day simple moving average is $2.16 and its 200 day simple moving average is $2.33. CMOC Group has a twelve month low of $1.45 and a twelve month high of $3.55.

CMOC Group Company Profile

CMOC Group (OTCMKTS: CMCLF) is a China-based mining and metals company with a diversified portfolio of base metals and critical minerals. The company’s core business activities encompass the exploration, development and production of copper, molybdenum, cobalt, niobium, phosphate, tungsten and gold. Through a combination of wholly owned and joint-venture operations, CMOC Group serves industrial, energy and technology markets worldwide.

Among CMOC Group’s principal assets is the Tenke Fungurume mine in the Democratic Republic of the Congo, one of the world’s largest sources of copper and cobalt.