Short Interest in Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) Declines By 13.6%

Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 97,900 shares, a drop of 13.6% from the September 30th total of 113,300 shares. Based on an average daily trading volume, of 172,500 shares, the days-to-cover ratio is currently 0.6 days.

Graphene Manufacturing Group Stock Performance

Shares of GMGMF stock remained flat at $0.46 during trading hours on Thursday. 109,621 shares of the stock traded hands, compared to its average volume of 98,800. The firm has a 50 day moving average price of $0.46 and a 200 day moving average price of $0.43. Graphene Manufacturing Group has a 12-month low of $0.26 and a 12-month high of $1.35.

About Graphene Manufacturing Group

Graphene Manufacturing Group Ltd, a clean-technology, manufactures and supplies graphene powder. The company engages in the manufacture and sale of energy saving and energy storage solutions. Its products portfolio includes graphene aluminium-ion battery; THERMAL-XR, an HVAC coating system that enhance the conductivity of corroded heat exchange surfaces and maintain the performance of units; and G LUBRICANT, a graphene and lubricating oil.