Marimaca Copper Corp. (OTCMKTS:MARIF) Sees Significant Increase in Short Interest

Marimaca Copper Corp. (OTCMKTS:MARIF) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 64,847 shares, an increase of 466.0% from the November 30th total of 11,457 shares. Based on an average trading volume of 13,296 shares, the short-interest ratio is presently 4.9 days. Based on an average trading volume of 13,296 shares, the short-interest ratio is presently 4.9 days.

Marimaca Copper Price Performance

MARIF opened at $8.13 on Thursday. The company’s 50 day simple moving average is $7.90 and its two-hundred day simple moving average is $7.26. Marimaca Copper has a 1-year low of $3.07 and a 1-year high of $8.82.

About Marimaca Copper

Marimaca Copper Inc is a mineral exploration and development company focused on advancing the Marimaca copper project in the Antofagasta region of northern Chile. The company’s primary objective is to bring its near‐surface, oxide copper deposit into production through a low‐cost, heap‐leach and solvent extraction‐electrowinning (SX‐EW) process. Marimaca Copper is listed on the OTC Markets under the ticker symbol MARIF.

The Marimaca deposit hosts a substantial oxide resource with demonstrated grade and scale, supported by detailed drilling and metallurgical test work.