Short Interest in O3 Mining Inc. (OTCMKTS:OIIIF) Drops By 21.1%

O3 Mining Inc. (OTCMKTS:OIIIF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 41,600 shares, a drop of 21.1% from the February 13th total of 52,700 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is currently 7.4 days.

O3 Mining Price Performance

OTCMKTS OIIIF remained flat at $1.15 during trading hours on Monday. 301 shares of the company were exchanged, compared to its average volume of 38,131. The company’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $0.95. O3 Mining has a 1-year low of $0.68 and a 1-year high of $1.18.

O3 Mining Company Profile

O3 Mining Inc engages in the acquisition, exploration, and development of precious metal resource properties in Canada. The company primarily explores for gold deposits. Its flagship property is the Marban Alliance property with 65 mining claims covering 2,189 hectares located in the western portion of the province of Québec, Canada.