Martello Technologies Group Inc. (OTCMKTS:DRKOF) Sees Significant Growth in Short Interest

Martello Technologies Group Inc. (OTCMKTS:DRKOF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 141,300 shares, an increase of 6,965.0% from the August 15th total of 2,000 shares. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 4.0 days.

Shares of OTCMKTS:DRKOF opened at $0.09 on Wednesday. The firm has a fifty day moving average price of $0.09 and a 200 day moving average price of $0.13. Martello Technologies Group has a 1 year low of $0.01 and a 1 year high of $0.22.

Separately, Desjardins lowered Martello Technologies Group from a “buy” rating to a “hold” rating in a report on Thursday, July 1st.

Martello Technologies Group Company Profile

Martello Technologies Group Inc, along with its subsidiaries, develops and sells products and solutions that optimize the performance of real-time applications on cloud and enterprise networks. It offers Mitel Performance Analytics, which monitors the status and performance of Mitel and third-party systems in the network; Martello Gizmo, which measures, alerts, and reports on Microsoft 365 user experience; unified communications solution for network health testing; Martello iQ, a service monitoring and analytics platform; and Live Maps, a Windows authentication troubleshooting solution.

Further Reading: Earnings Reports

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