Short Interest in Graphite One Inc. (OTCMKTS:GPHOF) Declines By 58.5%

Graphite One Inc. (OTCMKTS:GPHOF) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 459,924 shares, a decrease of 58.5% from the May 14th total of 1,106,940 shares. Based on an average daily volume of 380,138 shares, the short-interest ratio is presently 1.2 days.

Graphite One Price Performance

Shares of OTCMKTS GPHOF opened at $0.78 on Friday. The stock has a 50 day moving average price of $0.85 and a 200 day moving average price of $1.08. Graphite One has a 52 week low of $0.47 and a 52 week high of $1.93.

Graphite One Company Profile

Graphite One Inc operates as mineral exploration company in the United States. It holds interest in the Graphite Creek property that consists of 176 mining claims covering an area of 9,600 hectares located on the Seward Peninsula, Alaska. The company was formerly known as Graphite One Resources Inc and changed its name to Graphite One Inc in February 2019. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.