Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) Short Interest Update

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 103,700 shares, a decrease of 53.5% from the February 28th total of 222,800 shares. Based on an average daily volume of 47,000 shares, the short-interest ratio is presently 2.2 days.

Magnis Energy Technologies Stock Down 16.7 %

Shares of MNSEF traded down $0.01 during mid-day trading on Friday, hitting $0.03. 3,000 shares of the company’s stock were exchanged, compared to its average volume of 125,884. Magnis Energy Technologies has a 52 week low of $0.00 and a 52 week high of $0.06. The stock’s 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.03.

About Magnis Energy Technologies

Magnis Energy Technologies Ltd engages in the exploration and development of graphite deposits in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in Ruangwa, south-east Tanzania.