Zhaojin Mining Industry Company Limited (OTCMKTS:ZHAOF) Short Interest Up 161.2% in August

Zhaojin Mining Industry Company Limited (OTCMKTS:ZHAOF) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 14,895,297 shares, an increase of 161.2% from the August 15th total of 5,703,254 shares. Based on an average daily trading volume, of 1,545 shares, the days-to-cover ratio is presently 9,641.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Zhaojin Mining Industry to a “neutral” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Zhaojin Mining Industry has a consensus rating of “Hold”.

Zhaojin Mining Industry Stock Performance

ZHAOF stock opened at $2.55 on Friday. The stock’s fifty day simple moving average is $2.14 and its 200-day simple moving average is $3.01. Zhaojin Mining Industry has a 52-week low of $2.06 and a 52-week high of $4.40.

Zhaojin Mining Industry Company Profile

Zhaojin Mining Industry Company Limited operates as one of China’s leading gold producers, focusing on the exploration, mining, processing and sale of gold and associated precious metals. Headquartered in Zhaoyuan City, Shandong Province, the company’s core activities include underground and open-pit mining, ore beneficiation and refinery operations. Its product portfolio primarily consists of gold dore bars and gold concentrates, along with by-product silver, which it sells to industrial customers and trading houses both domestically and abroad.

The company maintains a network of mines and processing facilities across Shandong Province, where it applies conventional mining techniques alongside modern beneficiation methods such as carbon-in-pulp (CIP) and flotation to optimize recovery rates.