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

Chemring Group PLC (OTCMKTS:CMGMF) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,301 shares, an increase of 117.4% from the May 14th total of 1,978 shares. Based on an average daily trading volume, of 1,535 shares, the days-to-cover ratio is presently 2.8 days.

Chemring Group Stock Performance

Shares of CMGMF opened at C$6.85 on Monday. Chemring Group has a twelve month low of C$5.95 and a twelve month high of C$8.03. The company has a 50 day moving average of C$6.95 and a two-hundred day moving average of C$6.86.

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.