Short Interest in Focus Graphite Inc. (OTCMKTS:FCSMF) Expands By 344.5%

Focus Graphite Inc. (OTCMKTS:FCSMF) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 19,958 shares, an increase of 344.5% from the July 30th total of 4,490 shares. Based on an average daily trading volume, of 10,402 shares, the days-to-cover ratio is presently 1.9 days.

Focus Graphite Stock Up 5.9%

OTCMKTS FCSMF opened at $0.34 on Wednesday. Focus Graphite has a 1 year low of $0.20 and a 1 year high of $0.54. The business’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.28.

Focus Graphite Company Profile

Focus Graphite Inc (OTCMKTS:FCSMF) is a mineral exploration and development company headquartered in Montreal, Quebec. The company is primarily focused on advancing its flagship Lac Knife flake graphite project in the Gaspésie region of eastern Quebec. Lac Knife hosts a near-surface deposit of high?quality graphite, and Focus Graphite holds 100% interest in the property. The company’s efforts are centered on resource delineation, environmental permitting and moving the project through feasibility-level studies.

To support project advancement, Focus Graphite has completed technical studies, including a preliminary economic assessment, metallurgical testing and engineering evaluations.