Azimut Exploration Inc. (OTCMKTS:AZMTF) Sees Large Drop in Short Interest

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,500 shares, adropof48.7% from the July 15th total of 22,400 shares. Based on an average daily volume of 36,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 36,600 shares, the days-to-cover ratio is presently 0.3 days.

Azimut Exploration Price Performance

OTCMKTS AZMTF opened at $0.42 on Monday. The firm has a 50 day simple moving average of $0.44 and a 200-day simple moving average of $0.41. Azimut Exploration has a one year low of $0.32 and a one year high of $0.55.

Azimut Exploration Company Profile

Azimut Exploration Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for copper, gold, base metals, chromium, nickel, diamond, tellurium, bismuth, tungsten, tin, molybdenum, rhenium, indium, rare earth elements, uranium, zinc, silver, cobalt, and platinum group elements.