Short Interest in Majic Wheels Corp. (OTCMKTS:MJWL) Grows By 266.7%

Majic Wheels Corp. (OTCMKTS:MJWL) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 2,200 shares, an increase of 266.7% from the August 15th total of 600 shares. Based on an average trading volume of 28,681,900 shares, the days-to-cover ratio is currently 0.0 days.

MJWL traded up $0.01 on Friday, reaching $0.10. The stock had a trading volume of 5,182,084 shares, compared to its average volume of 34,772,051. The firm has a 50-day moving average of $0.12 and a 200-day moving average of $0.07. Majic Wheels has a fifty-two week low of $0.00 and a fifty-two week high of $0.27.

About Majic Wheels

Majic Wheels Corp. develops radio-controlled toy vehicles capable of climbing inclined and vertical surfaces. The company was founded in March 2007 and is headquartered in Fort Myers, FL.

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