Magnis Energy Technologies Limited (OTCMKTS:URNXF) Short Interest Down 23.1% in August

Magnis Energy Technologies Limited (OTCMKTS:URNXF) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 10,000 shares, a decline of 23.1% from the August 15th total of 13,000 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is presently 0.7 days.

OTCMKTS:URNXF opened at $0.15 on Thursday. Magnis Energy Technologies has a 12-month low of $0.04 and a 12-month high of $0.19. The company has a 50 day simple moving average of $0.16.

Magnis Energy Technologies Company Profile

Magnis Energy Technologies Limited explores for and develops mineral properties in Australia and East Africa. The company explores for natural flake graphite for use in various industries primarily batteries for storing electrical energy. It holds 100% interest in the Nachu graphite project located in south east Tanzania.

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