Major Drilling Group International Inc. (OTCMKTS:MJDLF) Sees Large Increase in Short Interest

Major Drilling Group International Inc. (OTCMKTS:MJDLF) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 543,900 shares, an increase of 42.5% from the February 13th total of 381,700 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 41.5 days.

Major Drilling Group International Trading Down 0.8 %

Shares of OTCMKTS:MJDLF opened at $5.29 on Tuesday. The company’s fifty day moving average is $5.93 and its 200 day moving average is $6.01. Major Drilling Group International has a 52 week low of $4.94 and a 52 week high of $7.58.

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.