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

Major Drilling Group International Inc. (OTCMKTS:MJDLF) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 543,900 shares, an increase of 42.5% from the February 13th total of 381,700 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is currently 41.5 days.

Major Drilling Group International Stock Performance

Major Drilling Group International stock opened at $5.29 on Tuesday. The firm’s fifty day moving average price is $5.93 and its 200-day moving average price is $6.01. Major Drilling Group International has a fifty-two week low of $4.94 and a fifty-two week high of $7.58.

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.