Major Drilling Group International Inc. (OTCMKTS:MJDLF) Short Interest Up 42.5% in February

Major Drilling Group International Inc. (OTCMKTS:MJDLF) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 543,900 shares, a growth of 42.5% from the February 13th total of 381,700 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is presently 41.5 days.

Major Drilling Group International Price Performance

Major Drilling Group International stock traded down $0.04 during trading on Monday, reaching $5.29. The company had a trading volume of 18,355 shares, compared to its average volume of 15,824. The firm’s 50-day simple moving average is $5.94 and its 200 day simple moving average is $6.02. Major Drilling Group International has a 1-year low of $4.94 and a 1-year high of $7.58.

Major Drilling Group International Company Profile

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.