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

Chemring Group PLC (OTCMKTS:CMGMF) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,409 shares, a growth of 117.4% from the April 15th total of 1,568 shares. Based on an average daily trading volume, of 528 shares, the short-interest ratio is presently 6.5 days.

Chemring Group Stock Performance

OTCMKTS:CMGMF opened at C$6.24 on Friday. The stock’s fifty day moving average is C$7.14 and its 200 day moving average is C$6.93. Chemring Group has a fifty-two week low of C$5.95 and a fifty-two week 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.