Short Interest in China National Building Material Company Limited (OTCMKTS:CBUMY) Rises By 246.2%

China National Building Material Company Limited (OTCMKTS:CBUMY) was the recipient of 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 daily trading volume, of 4,100 shares, the days-to-cover ratio is presently 1.1 days.

China National Building Material Stock Performance

CBUMY remained flat at $20.66 during trading hours on Friday. The company had a trading volume of 2 shares, compared to its average volume of 2,718. The business has a fifty day moving average of $17.01 and a 200-day moving average of $18.50. China National Building Material has a 12-month low of $13.10 and a 12-month 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.