Chemring Group PLC (OTCMKTS:CMGMF) Short Interest Update

Chemring Group PLC (OTCMKTS:CMGMF) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,978 shares, a drop of 42.0% from the April 30th total of 3,409 shares. Based on an average daily volume of 1,421 shares, the short-interest ratio is currently 1.4 days.

Chemring Group Price Performance

OTCMKTS CMGMF opened at C$6.95 on Wednesday. The company’s 50-day simple moving average is C$6.97 and its two-hundred day simple moving average is C$6.86. Chemring Group has a one year low of C$5.95 and a one year high of C$8.03.

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.