Zijin Mining Group Company Limited (OTCMKTS:ZIJMY) Sees Significant Decrease in Short Interest

Zijin Mining Group Company Limited (OTCMKTS:ZIJMY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,800 shares, a decline of 64.7% from the September 15th total of 5,100 shares. Based on an average trading volume of 24,300 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 24,300 shares, the short-interest ratio is currently 0.1 days.

Zijin Mining Group Stock Down 1.6%

OTCMKTS ZIJMY opened at $83.82 on Friday. Zijin Mining Group has a 12-month low of $33.65 and a 12-month high of $94.27. The company has a fifty day simple moving average of $73.92 and a two-hundred day simple moving average of $57.18.

Zijin Mining Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, September 12th will be given a dividend of $0.5034 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a yield of 161.0%. Zijin Mining Group’s payout ratio is currently 59.33%.

About Zijin Mining Group

Zijin Mining Group Company Limited, together with its subsidiaries, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally. It primarily produces gold bullion; gold, copper, zinc, lead, tungsten, and iron ore concentrates; and copper cathodes, zinc bullion, sulphuric acid, copperplate, silver, iron, etc., as well as molybdenum, cobalt, tin, coal, lithium, platinum, and palladium.