Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Short Interest Update

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,525,900 shares, a decline of 17.5% from the January 15th total of 1,848,800 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is presently 50.9 days.

Labrador Iron Ore Royalty Trading Up 0.8 %

Shares of OTCMKTS LIFZF opened at $21.89 on Monday. Labrador Iron Ore Royalty has a 1 year low of $19.90 and a 1 year high of $25.13. The company’s 50-day moving average is $20.97 and its 200 day moving average is $21.75.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.