Short Interest in Magnis Energy Technologies Limited (OTCMKTS:MNSEF) Drops By 12.4%

Magnis Energy Technologies Limited (OTCMKTS:MNSEFGet Rating) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 156,000 shares, a decrease of 12.4% from the August 15th total of 178,100 shares. Based on an average trading volume of 565,600 shares, the short-interest ratio is presently 0.3 days.

Magnis Energy Technologies Price Performance

MNSEF opened at $0.31 on Tuesday. The business has a 50 day moving average price of $0.28 and a two-hundred day moving average price of $0.30. Magnis Energy Technologies has a 52 week low of $0.16 and a 52 week high of $0.58.

Magnis Energy Technologies Company Profile

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Magnis Energy Technologies Limited engages in the exploration and development of mineral properties 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 southeast Tanzania.

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