A Reversal for ALUMINUM CORP CHINA LTD ALUMINUM COR (OTCMKTS:ALMMF) Is Not Near. The Stock Has Rise in Shorts

The stock of ALUMINUM CORP CHINA LTD ALUMINUM COR (OTCMKTS:ALMMF) registered an increase of 1.52% in short interest. ALMMF’s total short interest was 28.05M shares in July as published by FINRA. Its up 1.52% from 27.63 million shares, reported previously. With 100 shares average volume, it will take short sellers 280474 days to cover their ALMMF’s short positions.

It closed at $0.3439 lastly. It is up 0.00% since July 14, 2018 and is . It has underperformed by 4.43% the S&P500.

Aluminum Corporation of China Limited, together with its subsidiaries, engages in the manufacture and distribution of alumina, primary aluminum and energy products in the People's Republic of China. The company has market cap of $8.51 billion. It operates through Alumina, Primary Aluminum, Trading, and Energy divisions. It has a 26.45 P/E ratio. The Alumina segment is involved in mining and purchasing of bauxite and other raw materials; and production and sale of alumina, as well as alumina-related products, such as alumina hydrate, alumina chemical products, and gallium.

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