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

Jiangxi Copper Company Limited (OTCMKTS:JIAXF) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 591,933 shares, a decline of 39.8% from the April 30th total of 982,815 shares. Based on an average daily trading volume, of 6,661 shares, the short-interest ratio is presently 88.9 days.

Jiangxi Copper Stock Performance

Jiangxi Copper stock opened at $4.57 on Tuesday. Jiangxi Copper has a 1-year low of $1.76 and a 1-year high of $6.32. The firm has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $4.96.

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.