Chemring Group PLC (OTCMKTS:CMGMF) Sees Significant Increase in Short Interest

Chemring Group PLC (OTCMKTS:CMGMF) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 15,637 shares, a growth of 212.4% from the July 15th total of 5,006 shares. Based on an average daily trading volume, of 7,846 shares, the days-to-cover ratio is currently 2.0 days.

Chemring Group Stock Performance

OTCMKTS:CMGMF opened at C$8.59 on Friday. The firm has a 50-day moving average price of C$7.40 and a two-hundred day moving average price of C$7.17. Chemring Group has a twelve month low of C$5.95 and a twelve month high of C$8.59.

About Chemring Group

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.