Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) Sees Significant Increase in Short Interest

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 222,800 shares, a growth of 114.4% from the February 13th total of 103,900 shares. Based on an average daily trading volume, of 115,900 shares, the short-interest ratio is currently 1.9 days.

Magnis Energy Technologies Trading Up 24.4 %

Magnis Energy Technologies stock traded up $0.01 during mid-day trading on Friday, hitting $0.04. 14,188 shares of the company traded hands, compared to its average volume of 146,142. The stock has a fifty day moving average price of $0.03 and a 200-day moving average price of $0.03. Magnis Energy Technologies has a one year low of $0.00 and a one year high of $0.06.

Magnis Energy Technologies Company Profile

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.