CMOC Group Limited (OTCMKTS:CMCLF) Sees Large Drop in Short Interest

CMOC Group Limited (OTCMKTS:CMCLF) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,314,014 shares, a decrease of 86.9% from the May 14th total of 17,676,481 shares. Based on an average daily trading volume, of 34,797 shares, the short-interest ratio is presently 66.5 days.

CMOC Group Price Performance

OTCMKTS CMCLF opened at $2.20 on Wednesday. The company has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $2.53. CMOC Group has a 1 year low of $0.69 and a 1 year high of $3.55.

CMOC Group Company Profile

CMOC Group (OTCMKTS: CMCLF) is a China-based mining and metals company with a diversified portfolio of base metals and critical minerals. The company’s core business activities encompass the exploration, development and production of copper, molybdenum, cobalt, niobium, phosphate, tungsten and gold. Through a combination of wholly owned and joint-venture operations, CMOC Group serves industrial, energy and technology markets worldwide.

Among CMOC Group’s principal assets is the Tenke Fungurume mine in the Democratic Republic of the Congo, one of the world’s largest sources of copper and cobalt.