Adriatic Metals PLC (OTCMKTS:ADMLF) Sees Significant Increase in Short Interest

Adriatic Metals PLC (OTCMKTS:ADMLF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,306,200 shares, a growth of 19.2% from the November 30th total of 1,934,800 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is presently 59.0 days.

Adriatic Metals Stock Performance

Shares of OTCMKTS ADMLF opened at $2.43 on Monday. The firm’s 50-day simple moving average is $2.69 and its 200 day simple moving average is $2.44. Adriatic Metals has a fifty-two week low of $1.71 and a fifty-two week high of $3.37.

Adriatic Metals Company Profile

Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the 100% owned Vare Silver Project covering an area of approximately 44 square kilometers located in Bosnia and Herzegovina.