Short Interest in Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) Declines By 53.5%

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 103,700 shares, a decline of 53.5% from the February 28th total of 222,800 shares. Based on an average trading volume of 47,000 shares, the short-interest ratio is currently 2.2 days.

Magnis Energy Technologies Price Performance

MNSEF stock traded down $0.01 during trading on Friday, reaching $0.03. 3,000 shares of the company were exchanged, compared to its average volume of 125,884. The company has a 50-day moving average of $0.03 and a two-hundred day moving average of $0.03. Magnis Energy Technologies has a twelve month low of $0.00 and a twelve month high of $0.06.

About Magnis Energy Technologies

Magnis Energy Technologies Ltd engages in the exploration and development of graphite deposits in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in Ruangwa, south-east Tanzania.