Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) Short Interest Down 13.6% in October

Graphene Manufacturing Group Ltd (OTCMKTS:GMGMF) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 97,900 shares, a decline 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 presently 0.6 days.

Graphene Manufacturing Group Price Performance

OTCMKTS GMGMF remained flat at $0.46 during trading hours on Thursday. The company’s stock had a trading volume of 109,621 shares, compared to its average volume of 98,800. The company’s 50-day simple moving average is $0.46 and its 200 day simple moving average is $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.