CMOC Group Limited (OTCMKTS:CMCLF) Sees Significant Decrease in Short Interest

CMOC Group Limited (OTCMKTS:CMCLF) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 5,256,000 shares, a decrease of 70.5% from the September 30th total of 17,823,600 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 486.7 days.

CMOC Group Stock Up 7.7 %

Shares of CMCLF traded up $0.07 during mid-day trading on Friday, hitting $0.91. 13,283 shares of the company’s stock were exchanged, compared to its average volume of 32,202. The stock’s 50-day moving average is $0.86 and its 200-day moving average is $0.90. CMOC Group has a fifty-two week low of $0.47 and a fifty-two week high of $1.09.

About CMOC Group

CMOC Group Limited, together with its subsidiaries, engages in the mining, beneficiation, smelting, and refining of base and rare metals. It operates through Molybdenum, Tungsten and Related Products; Niobium, Phosphorus and Related Products; Copper, Cobalt and Related Products; Metal trading; and Others segments.