A Reversal for ARMCO METALS HLDGS INC (OTCMKTS:AMCO) Is Near. The Stock Has Decrease in Shorts

October 2, 2018 - By whatsonthorold

The stock of ARMCO METALS HLDGS INC (OTCMKTS:AMCO) registered a decrease of 3.06% in short interest. AMCO’s total short interest was 19,000 shares in October as published by FINRA. Its down 3.06% from 19,600 shares, reported previously. With 300 shares average volume, it will take short sellers 63 days to cover their AMCO’s short positions.

It closed at $0.0002 lastly. It is down 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Armco Metals Holdings, Inc. engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China. The company has market cap of $2,166. The firm offers iron, chrome, nickel, copper, titanium, manganese, and magnesium ores; and non-ferrous metals, coal, and steel billets, as well as provides sourcing and pricing services for various metals to its network of customers. It currently has negative earnings. It also recycles scrap metals used by steel mills in the production of recycled steel.

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