Major Drilling Group International Inc. (OTCMKTS:MJDLF) Sees Significant Growth in Short Interest

Major Drilling Group International Inc. (OTCMKTS:MJDLFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 18,900 shares, an increase of 67.3% from the March 31st total of 11,300 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 1.0 days.

Shares of MJDLF stock opened at $9.05 on Friday. The business has a fifty day moving average of $8.96 and a 200 day moving average of $7.65. Major Drilling Group International has a 1 year low of $5.71 and a 1 year high of $10.11.

MJDLF has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on Major Drilling Group International from C$12.00 to C$14.00 in a research note on Monday, March 7th. Stifel Nicolaus raised their target price on Major Drilling Group International from C$14.00 to C$15.00 in a research note on Monday, March 7th. Finally, TD Securities raised their target price on Major Drilling Group International from C$12.50 to C$14.00 in a research note on Monday, March 7th.

Major Drilling Group International Company Profile (Get Rating)

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and various mine services.

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