Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Sees Large Growth in Short Interest

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,662,000 shares, a growth of 53.9% from the March 15th total of 1,079,800 shares. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is presently 65.2 days.

Labrador Iron Ore Royalty Stock Performance

LIFZF stock traded up $0.19 during midday trading on Thursday, hitting $20.00. 3,479 shares of the company’s stock were exchanged, compared to its average volume of 20,045. Labrador Iron Ore Royalty has a one year low of $17.05 and a one year high of $25.13. The stock’s fifty day moving average price is $20.64 and its 200-day moving average price is $21.24.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.