Magnis Energy Technologies Limited (OTCMKTS:URNXF) Sees Large Growth in Short Interest

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Magnis Energy Technologies Limited (OTCMKTS:URNXF) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 5,000 shares, a growth of 525.0% from the March 15th total of 800 shares. Based on an average trading volume of 112,100 shares, the short-interest ratio is currently 0.0 days.

Shares of Magnis Energy Technologies stock opened at $0.38 on Wednesday. The stock’s 50-day simple moving average is $0.28 and its 200-day simple moving average is $0.18. Magnis Energy Technologies has a 52 week low of $0.00 and a 52 week high of $0.50.

Magnis Energy Technologies Company Profile

Magnis Energy Technologies Limited explores for and develops mineral properties in Australia and East Africa. 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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