Short Interest in O3 Mining Inc. (OTCMKTS:OIIIF) Drops By 33.4%

O3 Mining Inc. (OTCMKTS:OIIIF) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 27,700 shares, a drop of 33.4% from the February 28th total of 41,600 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 8.4 days.

O3 Mining Stock Performance

Shares of OTCMKTS:OIIIF remained flat at $1.14 during trading hours on Friday. 43,400 shares of the stock traded hands, compared to its average volume of 36,168. The company’s 50 day moving average is $1.15 and its two-hundred day moving average is $0.97. O3 Mining has a twelve month low of $0.68 and a twelve month high of $1.18.

About O3 Mining

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.