Medaro Mining Corp. (OTCMKTS:MEDAF) Sees Large Increase in Short Interest

Medaro Mining Corp. (OTCMKTS:MEDAF) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 10,253 shares, an increase of 75.2% from the July 30th total of 5,851 shares. Based on an average daily volume of 3,796 shares, the short-interest ratio is presently 2.7 days.

Medaro Mining Stock Performance

Shares of OTCMKTS:MEDAF opened at $0.21 on Monday. Medaro Mining has a 12 month low of $0.03 and a 12 month high of $0.56. The firm’s 50-day moving average is $0.16 and its 200 day moving average is $0.29.

Medaro Mining Company Profile

Medaro Mining Corp. acquires, explores, and evaluates mineral resource properties in Canada. The company holds an option to acquire 100% interest in the Superb Lake property that consists of 8 mining claims covering an area of approximately 2,187 hectares located in the Thunder Bay mining district of Northwestern Ontario, Canada; and CYR South lithium property that consists of 52 mineral claims covering an area of approximately 2,748 hectares located in James Bay area of Quebec. It also holds an option to acquire 70% interest in the Yurchison Uranium property that consists of 12 mining claims covering an area of 55,934 hectares located in the Wollaston Domain, Northern Saskatchewan; and an option to acquire 100% interest in the Darlin Li-Be Property in Quebec.