Is Buying MAGNIS RES LTD. ORDINARY SHARES AUSTRAL (OTCMKTS:URNXF), Having Higher Short Interest a Winning Strategy?

March 14, 2018 - By Hazel Jackson

The stock of MAGNIS RES LTD. ORDINARY SHARES AUSTRAL (OTCMKTS:URNXF) registered an increase of 28.57% in short interest. URNXF’s total short interest was 3,600 shares in March as published by FINRA. Its up 28.57% from 2,800 shares, reported previously. With 1,200 shares average volume, it will take short sellers 3 days to cover their URNXF’s short positions.

It closed at $0.5 lastly. It is down 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Magnis Resources Limited explores for and develops mineral properties in Australia and East Africa. The company has market cap of $261.62 million. The firm explores for natural flake graphite for use in various industries primarily batteries for storing electrical energy. It currently has negative earnings. The Company’s flagship project includes the Nachu graphite project located in south east Tanzania.

Another recent and important Magnis Resources Limited (OTCMKTS:URNXF) news was published by which published an article titled: “Magnis Resources Provides Update” on January 30, 2018.

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