Short Interest in Major Drilling Group International Inc. (OTCMKTS:MJDLF) Increases By 46.4%

Major Drilling Group International Inc. (OTCMKTS:MJDLF) saw a significant increase in short interest in 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 daily trading volume, of 44,800 shares, the days-to-cover ratio is currently 17.8 days.

Major Drilling Group International Stock Performance

MJDLF stock traded up $0.06 during mid-day trading on Monday, hitting $5.59. The company had a trading volume of 45,064 shares, compared to its average volume of 15,851. Major Drilling Group International has a 12 month low of $4.94 and a 12 month high of $7.58. The stock’s fifty day moving average price is $5.86 and its two-hundred 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.