Focus Graphite Inc. (OTCMKTS:FCSMF) Sees Large Increase in Short Interest

Focus Graphite Inc. (OTCMKTS:FCSMF) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 18,700 shares, a growth of 122.6% from the June 30th total of 8,400 shares. Based on an average trading volume of 56,200 shares, the short-interest ratio is presently 0.3 days.

Focus Graphite Stock Performance

Shares of OTCMKTS:FCSMF remained flat at $0.09 during midday trading on Friday. The company’s 50 day simple moving average is $0.10 and its two-hundred day simple moving average is $0.11. Focus Graphite has a 1-year low of $0.08 and a 1-year high of $0.25.

About Focus Graphite

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.