K92 Mining Inc. (OTCMKTS:KNTNF) Sees Large Increase in Short Interest

K92 Mining Inc. (OTCMKTS:KNTNF) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 8,780,100 shares, an increase of 10.0% from the March 15th total of 7,981,600 shares. Based on an average daily volume of 246,300 shares, the days-to-cover ratio is currently 35.6 days.

K92 Mining Stock Up 4.2 %

OTCMKTS:KNTNF opened at $5.46 on Wednesday. The firm’s fifty day moving average is $4.77 and its 200-day moving average is $4.51. K92 Mining has a 52 week low of $3.35 and a 52 week high of $5.62.

About K92 Mining

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.