Chemring Group PLC (OTCMKTS:CMGMF) Short Interest Up 117.4% in May

Chemring Group PLC (OTCMKTS:CMGMF) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 4,301 shares, a growth of 117.4% from the May 14th total of 1,978 shares. Based on an average daily volume of 1,535 shares, the short-interest ratio is currently 2.8 days.

Chemring Group Price Performance

Shares of OTCMKTS CMGMF opened at C$6.85 on Friday. Chemring Group has a fifty-two week low of C$5.95 and a fifty-two week high of C$8.03. The company has a 50 day simple moving average of C$6.95 and a two-hundred day simple moving average of C$6.86.

Chemring Group Company Profile

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.