Short Interest in Chemring Group PLC (OTCMKTS:CMGMF) Drops By 61.7%

Chemring Group PLC (OTCMKTS:CMGMF) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,143 shares, a decline of 61.7% from the August 15th total of 21,266 shares. Based on an average daily trading volume, of 2,718 shares, the short-interest ratio is presently 3.0 days.

Chemring Group Stock Performance

CMGMF stock remained flat at C$7.20 on Friday. The stock has a 50 day moving average price of C$7.83 and a two-hundred day moving average price of C$7.27. Chemring Group has a fifty-two week low of C$5.95 and a fifty-two week high of C$8.59.

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.