Short Interest in Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) Drops By 20.3%

Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 78,000 shares, a decrease of 20.3% from the October 15th total of 97,900 shares. Based on an average daily trading volume, of 156,200 shares, the short-interest ratio is presently 0.5 days.

Graphene Manufacturing Group Price Performance

Shares of GMGMF traded down $0.01 during mid-day trading on Friday, hitting $0.38. 178,078 shares of the company’s stock were exchanged, compared to its average volume of 98,354. Graphene Manufacturing Group has a fifty-two week low of $0.26 and a fifty-two week high of $1.23. The business’s 50 day moving average is $0.45 and its two-hundred day moving average is $0.43.

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.