Focus Graphite Inc. (OTCMKTS:FCSMF) Sees Significant Drop in Short Interest

Focus Graphite Inc. (OTCMKTS:FCSMF) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 3,700 shares, a drop of 9.8% from the March 31st total of 4,100 shares. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is currently 0.3 days.

Focus Graphite Price Performance

Shares of OTCMKTS FCSMF traded down $0.00 during trading hours on Monday, hitting $0.12. 96,700 shares of the company’s stock were exchanged, compared to its average volume of 11,486. The company’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.13. Focus Graphite has a 1-year low of $0.11 and a 1-year high of $0.32.

Focus Graphite Company Profile

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.