K92 Mining Inc. (OTCMKTS:KNTNF) Short Interest Down 18.7% in February

K92 Mining Inc. (OTCMKTS:KNTNF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 6,874,100 shares, a drop of 18.7% from the January 31st total of 8,454,000 shares. Based on an average daily volume of 194,800 shares, the short-interest ratio is currently 35.3 days.

K92 Mining Price Performance

OTCMKTS KNTNF traded up $0.35 during mid-day trading on Thursday, reaching $6.93. 70,202 shares of the company’s stock traded hands, compared to its average volume of 136,195. K92 Mining has a 1-year low of $4.40 and a 1-year high of $7.50. The company has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $6.38.

Analyst Upgrades and Downgrades

Separately, TD Securities assumed coverage on shares of K92 Mining in a report on Tuesday, February 4th. They issued a “buy” rating on the stock.

K92 Mining Company Profile

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.