Major Drilling Group International Inc. (OTCMKTS:MJDLF) Sees Large Growth in Short Interest

Major Drilling Group International Inc. (OTCMKTS:MJDLF) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 796,500 shares, an increase of 46.4% from the February 28th total of 543,900 shares. Based on an average trading volume of 44,800 shares, the short-interest ratio is currently 17.8 days.

Major Drilling Group International Price Performance

Major Drilling Group International stock traded down $0.12 on Friday, reaching $5.56. The company’s stock had a trading volume of 35,309 shares, compared to its average volume of 16,109. Major Drilling Group International has a twelve month low of $4.94 and a twelve month high of $7.58. The business’s fifty day moving average price is $5.86 and its 200 day moving average price is $5.97.

Major Drilling Group International Company Profile

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.