Could FORSYS METALS CORP COMMON SHARES CANADA (OTCMKTS:FOSYF) Change Direction After More Shorts?

Forsys Metals Corp. (OTCMKTS:FOSYF) Logo

The stock of FORSYS METALS CORP COMMON SHARES CANADA (OTCMKTS:FOSYF) registered an increase of 2276.92% in short interest. FOSYF’s total short interest was 30,900 shares in December as published by FINRA. Its up 2276.92% from 1,300 shares, reported previously. With 101,300 shares average volume, it will take short sellers 0 days to cover their FOSYF’s short positions.

It closed at $0.173 lastly. It is down 0.00% since December 8, 2017 and is . It has underperformed by 15.62% the S&P500.

Forsys Metals Corp., an exploration stage company, acquires, explores, and develops uranium and gold mineral properties in Namibia, Africa. The company has market cap of $27.74 million. The Company’s flagship project is Norasa, which comprises the Valencia project covering an area of 735.6 hectares located in the north-east of the town of Swakopmund in central-west Namibia; and the Namibplaas project that covers a total surface area of 1,269 hectares located in the north east of Valencia. It currently has negative earnings. The firm was formerly known as Forsys Technologies Inc. and changed its name to Forsys Metals Corp. in June 2005.

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