Short Interest in Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Declines By 17.5%

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,525,900 shares, a decline of 17.5% from the January 15th total of 1,848,800 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is currently 50.9 days.

Labrador Iron Ore Royalty Price Performance

LIFZF stock opened at $21.89 on Friday. Labrador Iron Ore Royalty has a 12 month low of $19.90 and a 12 month high of $25.13. The firm has a 50 day simple moving average of $20.97 and a 200 day simple moving average of $21.75.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.