Can MAJOR DRILLING GRP INTL ORDINARY SHARES (OTCMKTS:MJDLF)’s Tomorrow Be Different? The Stock Had Decline in Shorts

May 10, 2018 - By Kurt Siggers

Major Drilling Group International Inc. (OTCMKTS:MJDLF) Logo

The stock of MAJOR DRILLING GRP INTL ORDINARY SHARES (OTCMKTS:MJDLF) registered a decrease of 29.36% in short interest. MJDLF’s total short interest was 186,200 shares in May as published by FINRA. Its down 29.36% from 263,600 shares, reported previously. With 27,200 shares average volume, it will take short sellers 7 days to cover their MJDLF’s short positions. The short interest to MAJOR DRILLING GRP INTL ORDINARY SHARES’s float is 0.23%.

The stock increased 3.87% or $0.2 during the last trading session, reaching $5.37. About 100 shares traded. Major Drilling Group International Inc. (OTCMKTS:MJDLF) has 0.00% since May 10, 2017 and is . It has underperformed by 11.55% the S&P500.

Major Drilling Group International Inc. primarily provides drilling services for mining and mineral exploration companies. The company has market cap of $432.82 million. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/longhole drilling services; and surface drill and blast services, as well as various drilling-related mine services. It currently has negative earnings. The firm has a fleet of approximately 646 drilling rigs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.