Zijin Mining Group Company Limited (OTCMKTS:ZIJMY) Sees Large Decline in Short Interest

Zijin Mining Group Company Limited (OTCMKTS:ZIJMY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 400 shares, a drop of 75.0% from the September 30th total of 1,600 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.1 days.

Zijin Mining Group Stock Performance

OTCMKTS ZIJMY opened at $45.05 on Friday. The firm’s 50 day moving average is $41.71 and its 200-day moving average is $42.72. Zijin Mining Group has a 12-month low of $29.25 and a 12-month high of $50.25.

About Zijin Mining Group

Zijin Mining Group Company Limited, together with its subsidiaries, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally. It primarily produces gold bullion; gold, copper, zinc, lead, tungsten, and iron ore concentrates; and copper cathodes, zinc bullion, sulphuric acid, copperplate, silver, iron, etc., as well as molybdenum, cobalt, tin, coal, lithium, platinum, and palladium.