Almonty Industries Inc. (OTCMKTS:ALMTF) Sees Significant Decline in Short Interest

Almonty Industries Inc. (OTCMKTS:ALMTF) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 615,800 shares, a decline of 22.6% from the March 15th total of 796,000 shares. Based on an average daily volume of 195,800 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on Almonty Industries in a report on Tuesday, April 15th. They set a “buy” rating on the stock.

Almonty Industries Stock Performance

ALMTF stock opened at $1.90 on Monday. Almonty Industries has a 1-year low of $0.41 and a 1-year high of $1.98. The business has a 50-day moving average price of $1.43 and a 200 day moving average price of $0.94.

About Almonty Industries

Almonty Industries Inc engages in mining, processing, and shipping of tungsten concentrate. It owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; the Sangdong tungsten mine located in Gangwon Province, Republic of Korea; and the Valtreixal tin and tungsten project located in Zamora province, Western Spain.