Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Sees Significant Growth in Short Interest

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 50,900 shares, an increase of 28.9% from the May 31st total of 39,500 shares. Based on an average trading volume of 12,200 shares, the days-to-cover ratio is presently 4.2 days.

Chemtrade Logistics Income Fund Price Performance

OTCMKTS CGIFF traded up $0.04 during trading hours on Friday, hitting $6.70. The company’s stock had a trading volume of 2,706 shares, compared to its average volume of 7,252. Chemtrade Logistics Income Fund has a 52 week low of $5.60 and a 52 week high of $6.86. The company’s 50-day simple moving average is $6.56 and its two-hundred day simple moving average is $6.40.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund offers industrial chemicals and services in Canada, the United States, and South America. It operates in two segments, Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). The company provides sulphuric acid, spent acid processing services, and inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, and sodium hydrosulphite; and sulphur, chloralkali products, and zinc oxide.