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

Major Drilling Group International Inc. (OTCMKTS:MJDLF) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 42,300 shares, a decline of 46.4% from the March 31st total of 78,900 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 4.7 days.

Major Drilling Group International Price Performance

Shares of OTCMKTS MJDLF traded up $0.15 during mid-day trading on Friday, reaching $7.30. The company’s stock had a trading volume of 12,100 shares, compared to its average volume of 11,481. The stock has a 50-day moving average of $6.46 and a two-hundred day moving average of $6.21. Major Drilling Group International has a 1-year low of $4.98 and a 1-year high of $7.98.

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.