Blackline Safety Corp. (OTCMKTS:BLKLF) Sees Significant Decline in Short Interest

Blackline Safety Corp. (OTCMKTS:BLKLF) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 13,100 shares, a decrease of 47.6% from the May 31st total of 25,000 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 2.7 days.

Blackline Safety Price Performance

Shares of OTCMKTS BLKLF remained flat at $3.22 during midday trading on Friday. Blackline Safety has a 12 month low of $2.20 and a 12 month high of $3.42. The company’s 50-day moving average is $3.05 and its 200-day moving average is $3.03.

About Blackline Safety

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.