Minco Capital Corp. (OTCMKTS:MGHCF) Sees Significant Decline in Short Interest

Minco Capital Corp. (OTCMKTS:MGHCF) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 31,000 shares, a decline of 49.6% from the August 15th total of 61,500 shares. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 2.2 days.

Minco Capital Trading Up 13.0 %

MGHCF stock opened at $0.04 on Friday. The company has a current ratio of 95.25, a quick ratio of 95.26 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.66 million, a P/E ratio of -0.96 and a beta of 1.17. Minco Capital has a 1-year low of $0.03 and a 1-year high of $0.05. The business’s 50 day moving average is $0.04 and its 200-day moving average is $0.04.

Minco Capital (OTCMKTS:MGHCF) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter.

Minco Capital Company Profile

Minco Capital Corp., an investment company, focuses on investing in public and private companies and assets to generate income and achieve long-term capital appreciation. The company was formerly known as Minco Gold Corporation and changed its name to Minco Capital Corp. in February 2019. Minco Capital Corp.