Maanshan Iron & Steel Company Limited (OTCMKTS:MAANF) Short Interest Up 17,200.0% in December

Maanshan Iron & Steel Company Limited (OTCMKTS:MAANF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 6,574,000 shares, an increase of 17,200.0% from the December 15th total of 38,000 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 21,913.3 days.

Maanshan Iron & Steel Price Performance

OTCMKTS:MAANF traded up $0.01 on Monday, hitting $0.18. The company had a trading volume of 16,000 shares, compared to its average volume of 5,261. The firm has a 50 day moving average of $0.16 and a two-hundred day moving average of $0.14. Maanshan Iron & Steel has a 52 week low of $0.10 and a 52 week high of $0.22.

About Maanshan Iron & Steel

Maanshan Iron & Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and related by-products in Mainland China, Hong Kong, and internationally. The company offers steel plates, including hot and cold-rolled thin plates, galvanized plates, coil-coating plates, and medium plates; section steel products, such as H-shaped steel and medium-shaped steel; high-speed wire rod and hot-rolled reinforcing steel products; and train wheels and wheel rims.