Short Interest in Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) Declines By 31.7%

Magnis Energy Technologies Ltd (OTCMKTS:MNSEF) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 70,800 shares, a decline of 31.7% from the March 15th total of 103,700 shares. Based on an average trading volume of 56,000 shares, the short-interest ratio is presently 1.3 days.

Magnis Energy Technologies Stock Up 25.0 %

Shares of OTCMKTS MNSEF traded up $0.00 on Friday, hitting $0.02. The company’s stock had a trading volume of 5,000 shares, compared to its average volume of 112,149. The stock has a 50 day moving average of $0.03 and a 200-day moving average of $0.03. Magnis Energy Technologies has a 12-month low of $0.00 and a 12-month high of $0.06.

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.