Short Interest in Almonty Industries Inc. (OTCMKTS:ALMTF) Declines By 54.0%

Almonty Industries Inc. (OTCMKTS:ALMTF) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 648,100 shares, a decrease of 54.0% from the December 31st total of 1,408,900 shares. Based on an average daily volume of 81,100 shares, the days-to-cover ratio is currently 8.0 days.

Almonty Industries Stock Down 6.1 %

Shares of ALMTF stock opened at $0.82 on Friday. Almonty Industries has a one year low of $0.41 and a one year high of $0.89. The company’s 50-day simple moving average is $0.65 and its 200-day simple moving average is $0.60.

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.