Short Interest in Zhaojin Mining Industry Company Limited (OTCMKTS:ZHAOF) Decreases By 58.4%

Zhaojin Mining Industry Company Limited (OTCMKTS:ZHAOF) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,858,362 shares, a decline of 58.4% from the July 15th total of 11,683,900 shares. Based on an average trading volume of 675 shares, the days-to-cover ratio is presently 7,197.6 days.

Zhaojin Mining Industry Price Performance

Shares of ZHAOF opened at $2.06 on Friday. The stock’s 50-day simple moving average is $2.10 and its 200 day simple moving average is $3.27. Zhaojin Mining Industry has a 52-week low of $2.06 and a 52-week high of $4.40.

About Zhaojin Mining Industry

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.