Magnis Energy Technologies Limited (OTCMKTS:URNXF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 10,000 shares, a decline of 23.1% from the August 15th total of 13,000 shares. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 0.7 days.

OTCMKTS:URNXF opened at $0.15 on Thursday. Magnis Energy Technologies has a 1-year low of $0.04 and a 1-year high of $0.19. The firm has a 50-day moving average of $0.16.

About Magnis Energy Technologies

Magnis Energy Technologies Limited explores for and develops mineral properties in Australia and East Africa. The company explores for natural flake graphite for use in various industries primarily batteries for storing electrical energy. It holds 100% interest in the Nachu graphite project located in south east Tanzania.

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