Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Short Interest Up 50.5% in August

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,173,991 shares, a growth of 50.5% from the July 30th total of 779,822 shares. Based on an average daily volume of 1,027 shares, the days-to-cover ratio is currently 1,143.1 days.

Jiangxi Copper Stock Performance

Shares of JIAXF stock opened at $4.81 on Wednesday. The firm’s fifty day moving average price is $4.33 and its two-hundred day moving average price is $4.67. Jiangxi Copper has a 1 year low of $2.90 and a 1 year high of $6.32.

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.