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

Major Drilling Group International Inc. (OTCMKTS:MJDLF) saw a significant growth in short interest in the month of 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 daily volume of 6,000 shares, the days-to-cover ratio is currently 116.3 days.

Major Drilling Group International Trading Up 1.2 %

Shares of MJDLF stock traded up $0.07 during trading on Wednesday, hitting $6.09. The company had a trading volume of 500 shares, compared to its average volume of 9,530. The stock’s 50-day moving average price is $6.23 and its 200 day moving average price is $6.66. Major Drilling Group International has a one year low of $4.98 and a one year high of $7.58.

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.