Short Interest in Major Drilling Group International Inc. (OTCMKTS:MJDLF) Increases By 24.5%

Major Drilling Group International Inc. (OTCMKTS:MJDLF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 697,500 shares, a growth of 24.5% from the September 30th total of 560,400 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is currently 116.3 days.

Major Drilling Group International Price Performance

Shares of Major Drilling Group International stock traded up $0.07 during mid-day trading on Wednesday, hitting $6.09. 500 shares of the stock were exchanged, compared to its average volume of 9,530. Major Drilling Group International has a twelve month low of $4.98 and a twelve month high of $7.58. The company has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $6.66.

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.