Short Interest in Almonty Industries Inc. (OTCMKTS:ALMTF) Expands By 37.0%

Almonty Industries Inc. (OTCMKTS:ALMTF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,408,900 shares, an increase of 37.0% from the December 31st total of 1,028,300 shares. Based on an average daily volume of 87,800 shares, the short-interest ratio is currently 16.0 days.

Almonty Industries Trading Up 12.3 %

Shares of ALMTF opened at $0.87 on Thursday. Almonty Industries has a fifty-two week low of $0.41 and a fifty-two week high of $0.89. The company’s fifty day moving average is $0.65 and its two-hundred day 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.