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

Focus Graphite Inc. (OTCMKTS:FCSMF) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 4,400 shares, a drop of 83.8% from the March 15th total of 27,200 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is currently 0.5 days.

Focus Graphite Trading Up 11.0 %

OTCMKTS FCSMF traded up $0.01 on Tuesday, hitting $0.07. 18,011 shares of the stock were exchanged, compared to its average volume of 20,735. Focus Graphite has a 52-week low of $0.04 and a 52-week high of $0.18. The company’s 50-day moving average price is $0.06 and its two-hundred day moving average price is $0.06.

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.