Focus Graphite Inc. (OTCMKTS:FCSMF) Short Interest Down 9.8% in April

Focus Graphite Inc. (OTCMKTS:FCSMF) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,700 shares, a drop of 9.8% from the March 31st total of 4,100 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 0.3 days.

Focus Graphite Stock Performance

Shares of FCSMF remained flat at $0.12 during midday trading on Tuesday. 96,702 shares of the stock traded hands, compared to its average volume of 11,388. Focus Graphite has a 52 week low of $0.11 and a 52 week high of $0.32. The company’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.13.

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.