Graphite One Inc. (OTCMKTS:GPHOF) Sees Large Decline in Short Interest

Graphite One Inc. (OTCMKTS:GPHOF) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 459,924 shares, a drop of 58.5% from the May 14th total of 1,106,940 shares. Based on an average daily trading volume, of 380,138 shares, the days-to-cover ratio is presently 1.2 days.

Graphite One Stock Down 1.5%

GPHOF stock traded down $0.01 during trading on Friday, reaching $0.76. 160,488 shares of the stock were exchanged, compared to its average volume of 271,947. Graphite One has a twelve month low of $0.47 and a twelve month high of $1.93. The stock has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $1.08.

About Graphite One

Graphite One Inc operates as mineral exploration company in the United States. It holds interest in the Graphite Creek property that consists of 176 mining claims covering an area of 9,600 hectares located on the Seward Peninsula, Alaska. The company was formerly known as Graphite One Resources Inc and changed its name to Graphite One Inc in February 2019. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.