China National Building Material Company Limited (OTCMKTS:CBUMY) Sees Large Drop in Short Interest

China National Building Material Company Limited (OTCMKTS:CBUMY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 800 shares, a drop of 11.1% from the August 15th total of 900 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 8.0 days.

China National Building Material Stock Performance

OTCMKTS:CBUMY traded up $0.32 during trading hours on Wednesday, hitting $13.47. The company’s stock had a trading volume of 152 shares, compared to its average volume of 2,115. The stock has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $18.41. China National Building Material has a twelve month low of $13.10 and a twelve month high of $25.90.

About China National Building Material

China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others. It produces and sells cement, concrete, and fibreglass, as well as composite and light building materials.