Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) Sees Significant Drop in Short Interest

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 103,700 shares, a drop of 53.5% from the February 28th total of 222,800 shares. Based on an average daily volume of 47,000 shares, the short-interest ratio is presently 2.2 days.

Magnis Energy Technologies Trading Down 16.7 %

OTCMKTS:MNSEF traded down $0.01 during midday trading on Friday, reaching $0.03. 3,000 shares of the company traded hands, compared to its average volume of 125,884. Magnis Energy Technologies has a twelve month low of $0.00 and a twelve month high of $0.06. The company has a fifty day moving average price of $0.03 and a 200 day moving average price of $0.03.

Magnis Energy Technologies Company Profile

Magnis Energy Technologies Ltd engages in the exploration and development of graphite deposits in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in Ruangwa, south-east Tanzania.