Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Short Interest Update

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 779,822 shares, a drop of 45.1% from the July 15th total of 1,420,711 shares. Based on an average trading volume of 2,988 shares, the short-interest ratio is currently 261.0 days.

Jiangxi Copper Stock Performance

OTCMKTS JIAXF opened at $4.93 on Wednesday. Jiangxi Copper has a 12-month low of $2.56 and a 12-month high of $6.32. The company has a 50-day simple moving average of $4.29 and a two-hundred day simple moving average of $4.75.

About Jiangxi Copper

Jiangxi Copper Co, Ltd. is one of China’s leading integrated copper producers, engaging in the exploration, mining, smelting, refining and sale of copper and its by-products. Headquartered in Nanchang, Jiangxi Province, the company operates large-scale mining and processing facilities, including the Dexing copper mine—one of Asia’s largest open-pit copper mines. Its vertically integrated operations span the full copper value chain, from ore extraction to refined copper cathodes.

In addition to copper, Jiangxi Copper produces a range of nonferrous metal and chemical by-products, including gold, silver, molybdenum, sulfuric acid and other specialty chemicals.