Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Short Interest Update

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,662,000 shares, an increase of 53.9% from the March 15th total of 1,079,800 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 65.2 days.

Labrador Iron Ore Royalty Trading Up 0.9 %

OTCMKTS:LIFZF traded up $0.19 on Thursday, hitting $20.00. 3,479 shares of the company’s stock were exchanged, compared to its average volume of 20,045. The firm has a 50-day moving average price of $20.64 and a 200-day moving average price of $21.24. Labrador Iron Ore Royalty has a 52 week low of $17.05 and a 52 week high of $25.13.

Labrador Iron Ore Royalty Company Profile

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.