Short Interest in Marimaca Copper Corp. (OTCMKTS:MARIF) Drops By 71.3%

Marimaca Copper Corp. (OTCMKTS:MARIF) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 21,264 shares, a drop of 71.3% from the January 15th total of 73,976 shares. Based on an average daily trading volume, of 21,922 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 21,922 shares, the short-interest ratio is currently 1.0 days.

Marimaca Copper Price Performance

Marimaca Copper stock traded up $0.12 during mid-day trading on Friday, hitting $8.35. The stock had a trading volume of 8,143 shares, compared to its average volume of 7,648. Marimaca Copper has a 12 month low of $3.07 and a 12 month high of $9.87. The stock has a 50-day simple moving average of $8.38 and a two-hundred day simple moving average of $7.92.

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.