Short Interest in Chemring Group PLC (OTCMKTS:CMGMF) Drops By 91.1%

Chemring Group PLC (OTCMKTS:CMGMF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,156 shares, a drop of 91.1% from the June 15th total of 12,989 shares. Based on an average daily volume of 268 shares, the days-to-cover ratio is currently 4.3 days.

Chemring Group Price Performance

OTCMKTS:CMGMF remained flat at C$7.21 during mid-day trading on Friday. The firm has a 50 day simple moving average of C$6.82 and a two-hundred day simple moving average of C$6.94. Chemring Group has a 12-month low of C$5.95 and a 12-month high of C$7.80.

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.