Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) Sees Significant Growth in Short Interest

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 222,800 shares, a growth of 114.4% from the February 13th total of 103,900 shares. Based on an average daily volume of 115,900 shares, the short-interest ratio is currently 1.9 days.

Magnis Energy Technologies Trading Up 24.4 %

OTCMKTS MNSEF traded up $0.01 during trading hours on Friday, reaching $0.04. 14,188 shares of the stock traded hands, compared to its average volume of 146,142. The stock has a 50 day simple moving average of $0.03 and a two-hundred day simple moving average of $0.03. Magnis Energy Technologies has a 1 year low of $0.00 and a 1 year high of $0.06.

Magnis Energy Technologies Company Profile

Magnis Energy Technologies Ltd engages in the exploration and development of graphite deposits in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in Ruangwa, south-east Tanzania.