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

Almonty Industries Inc. (OTCMKTS:ALMTF) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,028,300 shares, a growth of 57.9% from the November 30th total of 651,400 shares. Based on an average daily trading volume, of 116,100 shares, the days-to-cover ratio is currently 8.9 days.

Almonty Industries Price Performance

OTCMKTS ALMTF opened at $0.62 on Friday. Almonty Industries has a fifty-two week low of $0.41 and a fifty-two week high of $0.70. The business has a fifty day moving average of $0.61 and a 200-day moving average of $0.56.

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.