K92 Mining Inc. (OTCMKTS:KNTNF) Sees Large Decrease in Short Interest

K92 Mining Inc. (OTCMKTS:KNTNF) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 6,874,100 shares, a decrease of 18.7% from the January 31st total of 8,454,000 shares. Based on an average daily trading volume, of 194,800 shares, the short-interest ratio is currently 35.3 days.

K92 Mining Stock Up 5.3 %

K92 Mining stock traded up $0.35 during trading on Thursday, reaching $6.93. 70,202 shares of the company’s stock were exchanged, compared to its average volume of 136,195. The company’s 50-day moving average is $6.75 and its two-hundred day moving average is $6.38. K92 Mining has a 52-week low of $4.40 and a 52-week high of $7.50.

Analyst Ratings Changes

Separately, TD Securities began coverage on K92 Mining in a research note on Tuesday, February 4th. They set a “buy” rating for the company.

K92 Mining Company Profile

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.