Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Sees Large Decrease in Short Interest

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 690,424 shares, a decrease of 41.2% from the August 15th total of 1,173,991 shares. Based on an average daily trading volume, of 1,923 shares, the days-to-cover ratio is currently 359.0 days.

Jiangxi Copper Stock Performance

Shares of JIAXF stock remained flat at $4.46 during trading hours on Wednesday. 1,106 shares of the stock were exchanged, compared to its average volume of 3,750. The stock has a 50 day simple moving average of $4.48 and a two-hundred day simple moving average of $4.60. Jiangxi Copper has a one year low of $3.42 and a one 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.