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

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) was the recipient of a large 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 daily trading volume, of 47,000 shares, the short-interest ratio is currently 2.2 days.

Magnis Energy Technologies Trading Down 16.7 %

Shares of MNSEF stock traded down $0.01 on Friday, hitting $0.03. The company had a trading volume of 3,000 shares, compared to its average volume of 125,884. Magnis Energy Technologies has a twelve month low of $0.00 and a twelve month high of $0.06. The stock’s 50-day moving average is $0.03 and its two-hundred day moving average is $0.03.

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.