Filo Mining Corp. (OTCMKTS:FLMMF) Short Interest Up 30.4% in May

Filo Mining Corp. (OTCMKTS:FLMMFGet Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 441,800 shares, a growth of 30.4% from the April 30th total of 338,900 shares. Based on an average daily trading volume, of 59,300 shares, the days-to-cover ratio is presently 7.5 days.

Shares of OTCMKTS:FLMMF traded down $0.41 during trading on Tuesday, hitting $19.61. The stock had a trading volume of 38,500 shares, compared to its average volume of 26,299. Filo Mining has a 12-month low of $6.07 and a 12-month high of $21.05. The stock has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $12.87.

A number of equities research analysts recently weighed in on FLMMF shares. Stifel Nicolaus raised their price objective on Filo Mining from C$13.00 to C$18.50 in a research report on Thursday, March 17th. Scotiabank raised their price target on Filo Mining from C$20.50 to C$25.00 in a report on Thursday, April 21st. National Bank Financial raised their price objective on Filo Mining from C$22.50 to C$25.00 in a research note on Friday, April 8th. Finally, Royal Bank of Canada began coverage on Filo Mining in a research note on Wednesday, March 9th. They issued an “outperform” rating for the company.

Filo Mining Company Profile (Get Rating)

Filo Mining Corp., together with its subsidiaries, engages in the identification, acquisition, exploration, evaluation, and development of mineral properties in Chile and Argentina. Its flagship property is the 100% owned Filo del Sol copper-gold-silver deposit located in the Atacama region of Northern Chile and adjacent San Juan province of Argentina.

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