Galantas Gold Co. (OTCMKTS:GALKF) Sees Significant Increase in Short Interest

Galantas Gold Co. (OTCMKTS:GALKF) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 32,500 shares, an increase of 2,123.0% from the April 30th total of 1,462 shares. Based on an average trading volume of 365,766 shares, the days-to-cover ratio is presently 0.1 days.

Galantas Gold Stock Performance

Shares of OTCMKTS:GALKF traded down $0.02 during trading on Wednesday, reaching $0.33. 6,050 shares of the company traded hands, compared to its average volume of 103,404. The company’s 50 day moving average is $0.22 and its two-hundred day moving average is $0.15. Galantas Gold has a 52 week low of $0.16 and a 52 week high of $0.48.

About Galantas Gold

Galantas Gold Corporation is a Canada‐based mineral exploration and development company focused on the acquisition, exploration and production of gold assets. Through its wholly owned subsidiary in Northern Ireland, the company holds an exclusive prospecting licence for the Tyrone Orefield, an area with a long history of gold mining dating back to the 19th century.

The company’s principal asset is the Omagh Gold Project, located near the town of Omagh in County Tyrone, Northern Ireland.