Minco Capital Corp. (OTCMKTS:MGHCF) Sees Large Increase in Short Interest

Minco Capital Corp. (OTCMKTS:MGHCF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 14,414 shares, a growth of 1,375.3% from the January 15th total of 977 shares. Based on an average trading volume of 103,991 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 103,991 shares, the short-interest ratio is presently 0.1 days.

Minco Capital Price Performance

MGHCF stock traded up $0.00 during midday trading on Tuesday, reaching $0.08. 49,491 shares of the company’s stock traded hands, compared to its average volume of 30,085. The company has a 50-day simple moving average of $0.06 and a two-hundred day simple moving average of $0.05. The company has a quick ratio of 89.33, a current ratio of 89.33 and a debt-to-equity ratio of 0.01. Minco Capital has a 1-year low of $0.02 and a 1-year high of $0.09. The company has a market cap of $3.30 million, a price-to-earnings ratio of 3.60 and a beta of 0.08.

Minco Capital Company Profile

Minco Capital Corp., an investment company, focuses on investing in public and private companies and assets to generate income and achieve long-term capital appreciation. The company was formerly known as Minco Gold Corporation and changed its name to Minco Capital Corp. in February 2019. Minco Capital Corp. was incorporated in 1982 and is headquartered in Vancouver, Canada.