Focus Graphite Inc. (OTCMKTS:FCSMF) Short Interest Up 344.5% in August

Focus Graphite Inc. (OTCMKTS:FCSMF) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 19,958 shares, an increase of 344.5% from the July 30th total of 4,490 shares. Based on an average daily volume of 10,402 shares, the days-to-cover ratio is currently 1.9 days.

Focus Graphite Stock Up 5.9%

Shares of Focus Graphite stock opened at $0.34 on Wednesday. The business has a fifty day simple moving average of $0.28 and a 200-day simple moving average of $0.28. Focus Graphite has a 12 month low of $0.20 and a 12 month high of $0.54.

Focus Graphite Company Profile

Focus Graphite Inc (OTCMKTS:FCSMF) is a mineral exploration and development company headquartered in Montreal, Quebec. The company is primarily focused on advancing its flagship Lac Knife flake graphite project in the Gaspésie region of eastern Quebec. Lac Knife hosts a near-surface deposit of high‐quality graphite, and Focus Graphite holds 100% interest in the property. The company’s efforts are centered on resource delineation, environmental permitting and moving the project through feasibility-level studies.

To support project advancement, Focus Graphite has completed technical studies, including a preliminary economic assessment, metallurgical testing and engineering evaluations.