Geodrill Limited (OTCMKTS:GEODF) Short Interest Up 281.6% in July

Geodrill Limited (OTCMKTS:GEODF) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 29,000 shares, a growth of 281.6% from the June 30th total of 7,600 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 0.9 days.

Geodrill Stock Performance

GEODF traded up $0.03 during trading on Friday, reaching $1.73. 62,191 shares of the company’s stock were exchanged, compared to its average volume of 12,677. Geodrill has a 1 year low of $1.14 and a 1 year high of $2.36. The company’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.46.

About Geodrill

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.