Major Drilling Group International Inc. (OTCMKTS:MJDLF) Short Interest Down 26.9% in December

Major Drilling Group International Inc. (OTCMKTS:MJDLF) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 408,800 shares, a decrease of 26.9% from the November 30th total of 559,300 shares. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 29.6 days.

Major Drilling Group International Stock Performance

Shares of OTCMKTS MJDLF remained flat at $5.72 during trading hours on Friday. The stock had a trading volume of 334 shares, compared to its average volume of 9,270. The company’s 50 day simple moving average is $6.08 and its two-hundred day simple moving average is $6.34. Major Drilling Group International has a one year low of $5.13 and a one 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.