Focus Graphite Inc. (OTCMKTS:FCSMF) Sees Large Decline in Short Interest

Focus Graphite Inc. (OTCMKTS:FCSMF) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 27,200 shares, a decrease of 39.0% from the February 28th total of 44,600 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is currently 1.1 days.

Focus Graphite Price Performance

Shares of Focus Graphite stock traded up $0.01 during trading on Monday, hitting $0.06. 5,510 shares of the company were exchanged, compared to its average volume of 18,345. The firm’s fifty day moving average price is $0.06 and its 200 day moving average price is $0.06. Focus Graphite has a 1-year low of $0.04 and a 1-year high of $0.18.

About Focus Graphite

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.