Short Interest in Major Drilling Group International Inc. (OTCMKTS:MJDLF) Grows By 45.2%

Major Drilling Group International Inc. (OTCMKTS:MJDLF) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,156,600 shares, a growth of 45.2% from the March 15th total of 796,500 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is presently 44.7 days.

Major Drilling Group International Stock Up 1.2 %

MJDLF stock traded up $0.07 during midday trading on Friday, reaching $5.98. 10,450 shares of the company’s stock traded hands, compared to its average volume of 17,915. The stock’s 50-day moving average is $5.65 and its 200 day moving average is $5.90. Major Drilling Group International has a 52-week low of $4.59 and a 52-week high of $7.58.

About Major Drilling Group International

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.