Jiangxi Copper Company Limited (OTCMKTS:JIAXF) Sees Significant Increase in Short Interest

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,462,110 shares, a growth of 410.9% from the June 15th total of 286,195 shares. Based on an average daily volume of 2,153 shares, the days-to-cover ratio is currently 679.1 days.

Jiangxi Copper Price Performance

Shares of OTCMKTS:JIAXF opened at $3.68 on Friday. The firm has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $4.96. Jiangxi Copper has a one year low of $1.96 and a one year high of $6.32.

Jiangxi Copper Company Profile

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.