China National Building Material Company Limited (OTCMKTS:CBUMY) Sees Significant Growth in Short Interest

China National Building Material Company Limited (OTCMKTS:CBUMY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 4,500 shares, an increase of 246.2% from the September 30th total of 1,300 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 1.1 days.

China National Building Material Stock Up 2.6 %

OTCMKTS CBUMY traded up $0.53 during trading hours on Friday, reaching $20.66. The company’s stock had a trading volume of 52,440 shares, compared to its average volume of 2,718. The firm’s 50-day moving average price is $16.93 and its 200-day moving average price is $18.49. China National Building Material has a 1 year low of $13.10 and a 1 year high of $26.34.

China National Building Material Company Profile

China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others. It produces and sells cement, concrete, and fibreglass, as well as composite and light building materials.