Short Interest in Major Drilling Group International Inc. (OTCMKTS:MJDLF) Increases By 24.5%

Major Drilling Group International Inc. (OTCMKTS:MJDLFGet Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 697,500 shares, an increase of 24.5% from the September 30th total of 560,400 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 116.3 days.

Major Drilling Group International Stock Performance

OTCMKTS MJDLF traded up $0.07 on Wednesday, hitting $6.09. 500 shares of the company’s stock were exchanged, compared to its average volume of 9,530. The firm’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $6.66. Major Drilling Group International has a fifty-two week low of $4.98 and a fifty-two week high of $7.58.

About Major Drilling Group International

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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.

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