Short Interest in Major Drilling Group International Inc. (OTCMKTS:MJDLF) Increases By 45.2%

Major Drilling Group International Inc. (OTCMKTS:MJDLF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,156,600 shares, an increase of 45.2% from the March 15th total of 796,500 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 44.7 days.

Major Drilling Group International Stock Performance

OTCMKTS MJDLF opened at $5.98 on Friday. The company has a fifty day moving average of $5.64 and a 200 day moving average of $5.89. Major Drilling Group International has a 1 year low of $4.59 and a 1 year high of $7.58.

About Major Drilling Group International

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. 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 related mining services.