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

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

Major Drilling Group International Price Performance

Shares of MJDLF stock traded down $0.02 during trading hours on Tuesday, hitting $5.51. 45,064 shares of the company’s stock traded hands, compared to its average volume of 16,695. Major Drilling Group International has a 12 month low of $4.94 and a 12 month high of $7.58. The stock’s 50 day simple moving average is $5.85 and its 200 day simple moving average 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.