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

Major Drilling Group International Inc. (OTCMKTS:MJDLF) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 75,500 shares, an increase of 21.0% from the May 31st total of 62,400 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 3.5 days.

Major Drilling Group International Price Performance

MJDLF traded down $0.14 during midday trading on Tuesday, hitting $6.50. 900 shares of the company traded hands, compared to its average volume of 9,565. The company’s 50-day moving average is $6.98 and its 200 day moving average is $6.65. Major Drilling Group International has a 52 week low of $4.98 and a 52 week high of $7.58.

About Major Drilling Group International

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.