Focus Graphite Inc. (OTCMKTS:FCSMF) Sees Large Increase in Short Interest

Focus Graphite Inc. (OTCMKTS:FCSMF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 204,490 shares, an increase of 924.6% from the August 15th total of 19,958 shares. Based on an average daily trading volume, of 43,915 shares, the short-interest ratio is currently 4.7 days.

Focus Graphite Stock Performance

Shares of OTCMKTS FCSMF opened at $0.29 on Friday. Focus Graphite has a 1 year low of $0.20 and a 1 year high of $0.54. The firm’s 50 day moving average price is $0.28 and its 200 day moving average price is $0.28.

About Focus Graphite

Focus Graphite Inc (OTCMKTS:FCSMF) is a mineral exploration and development company headquartered in Montreal, Quebec. The company is primarily focused on advancing its flagship Lac Knife flake graphite project in the Gaspésie region of eastern Quebec. Lac Knife hosts a near-surface deposit of high‐quality graphite, and Focus Graphite holds 100% interest in the property. The company’s efforts are centered on resource delineation, environmental permitting and moving the project through feasibility-level studies.

To support project advancement, Focus Graphite has completed technical studies, including a preliminary economic assessment, metallurgical testing and engineering evaluations.