Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 779,822 shares, a decline of 45.1% from the July 15th total of 1,420,711 shares. Based on an average daily trading volume, of 2,988 shares, the days-to-cover ratio is presently 261.0 days.
Jiangxi Copper Price Performance
Shares of JIAXF remained flat at $4.93 during mid-day trading on Tuesday. The stock had a trading volume of 554 shares, compared to its average volume of 3,575. Jiangxi Copper has a 52 week low of $2.56 and a 52 week high of $6.32. The business’s fifty day moving average price is $4.27 and its 200-day moving average price is $4.76.
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.
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