NextSource Materials Inc. (OTCMKTS:NSRCF) Sees Large Increase in Short Interest

NextSource Materials Inc. (OTCMKTS:NSRCF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 32,600 shares, a growth of 1,937.5% from the September 30th total of 1,600 shares. Based on an average daily volume of 337,500 shares, the short-interest ratio is presently 0.1 days.

NSRCF opened at $0.04 on Thursday. NextSource Materials has a one year low of $0.02 and a one year high of $0.08. The company has a market cap of $26.91 million, a PE ratio of -3.92 and a beta of 1.39.

About NextSource Materials

NextSource Materials Inc, together with its subsidiaries, acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily holds a 100% interest in the Molo Graphite property that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar.

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