Almonty Industries Inc. (OTCMKTS:ALMTF) Short Interest Down 22.6% in March

Almonty Industries Inc. (OTCMKTS:ALMTF) saw a significant decline in short interest in the month of 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 days-to-cover ratio is presently 3.1 days.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Almonty Industries in a research note on Tuesday, April 15th. They issued a “buy” rating on the stock.

Almonty Industries Price Performance

Shares of OTCMKTS ALMTF opened at $1.90 on Monday. The firm has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $0.94. Almonty Industries has a 1 year low of $0.41 and a 1 year 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.