K92 Mining Inc. (OTCMKTS:KNTNF) Short Interest Down 18.7% in February

K92 Mining Inc. (OTCMKTS:KNTNF) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 6,874,100 shares, a decline of 18.7% from the January 31st total of 8,454,000 shares. Based on an average daily volume of 194,800 shares, the days-to-cover ratio is presently 35.3 days.

Analyst Ratings Changes

Separately, TD Securities initiated coverage on shares of K92 Mining in a report on Tuesday, February 4th. They set a “buy” rating on the stock.

K92 Mining Price Performance

Shares of OTCMKTS:KNTNF traded down $0.01 on Wednesday, reaching $6.58. The company had a trading volume of 557,117 shares, compared to its average volume of 137,805. The stock has a 50-day moving average price of $6.73 and a 200 day moving average price of $6.38. K92 Mining has a twelve month low of $4.40 and a twelve month high of $7.50.

K92 Mining Company Profile

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.