Short Interest in China National Building Material Company Limited (OTCMKTS:CBUMY) Drops By 18.0%

China National Building Material Company Limited (OTCMKTS:CBUMY) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 4,100 shares, a drop of 18.0% from the January 31st total of 5,000 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 6.8 days.

China National Building Material Stock Performance

CBUMY stock opened at $25.80 on Friday. China National Building Material has a 1-year low of $13.10 and a 1-year high of $26.34. The business’s 50-day moving average price is $23.81 and its two-hundred day moving average price is $20.91.

About China National Building Material

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.