Champion Iron Limited (OTCMKTS:CIAFF) Short Interest Up 8.7% in December

Champion Iron Limited (OTCMKTS:CIAFF) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 21,053,200 shares, an increase of 8.7% from the November 30th total of 19,360,900 shares. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is presently 525.0 days.

Champion Iron Stock Performance

Champion Iron stock traded up $0.01 on Tuesday, hitting $3.61. 98,165 shares of the stock traded hands, compared to its average volume of 37,505. Champion Iron has a 1 year low of $3.50 and a 1 year high of $5.76. The business’s fifty day simple moving average is $3.83 and its 200 day simple moving average is $3.99.

Champion Iron Company Profile

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.