Short Interest in Almonty Industries Inc. (OTCMKTS:ALMTF) Grows By 57.9%

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

Almonty Industries Stock Down 2.0 %

Almonty Industries stock traded down $0.01 during mid-day trading on Friday, hitting $0.62. 28,760 shares of the stock were exchanged, compared to its average volume of 22,558. Almonty Industries has a 12 month low of $0.41 and a 12 month high of $0.70. The firm’s fifty day simple moving average is $0.61 and its two-hundred day simple moving average is $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.