Short Interest in Focus Graphite Inc. (OTCMKTS:FCSMF) Declines By 69.4%

Focus Graphite Inc. (OTCMKTS:FCSMF) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,700 shares, a drop of 69.4% from the October 31st total of 12,100 shares. Based on an average daily trading volume, of 37,000 shares, the days-to-cover ratio is currently 0.1 days.

Focus Graphite Price Performance

OTCMKTS:FCSMF traded down $0.01 during mid-day trading on Thursday, reaching $0.05. The company’s stock had a trading volume of 3,001 shares, compared to its average volume of 17,424. Focus Graphite has a 12-month low of $0.05 and a 12-month high of $0.18. The firm’s fifty day moving average price is $0.06 and its two-hundred day moving average price is $0.08.

About Focus Graphite

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.