Short Interest in Almonty Industries Inc. (OTCMKTS:ALMTF) Declines By 22.6%

Almonty Industries Inc. (OTCMKTS:ALMTF) saw a large decline in short interest in 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 trading volume, of 195,800 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Almonty Industries in a research note on Tuesday. They set a “buy” rating for the company.

Almonty Industries Stock Performance

Shares of Almonty Industries stock opened at $1.90 on Friday. The company’s 50 day moving average price is $1.43 and its two-hundred day moving average price is $0.94. Almonty Industries has a fifty-two week low of $0.41 and a fifty-two week high of $1.98.

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.