Montage Gold Corp. (OTCMKTS:MAUTF) Short Interest Down 46.9% in May

Montage Gold Corp. (OTCMKTS:MAUTFGet Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,111,012 shares, a decline of 46.9% from the May 14th total of 3,977,731 shares. Based on an average daily volume of 147,224 shares, the short-interest ratio is presently 14.3 days.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Montage Gold in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Read Our Latest Research Report on MAUTF

Montage Gold Stock Performance

Shares of OTCMKTS MAUTF traded up $1.12 during midday trading on Friday, hitting $11.36. The company’s stock had a trading volume of 96,261 shares, compared to its average volume of 182,571. The stock has a fifty day moving average price of $11.02 and a 200 day moving average price of $9.56. Montage Gold has a one year low of $2.98 and a one year high of $12.80.

About Montage Gold

(Get Free Report)

Montage Gold Inc is a mineral exploration company focused on the acquisition, exploration and development of gold projects in West Africa. Headquartered in Vancouver, British Columbia, the company is building a portfolio of highly prospective assets in one of the world’s most prolific gold regions. Montage Gold conducts systematic field programs to advance its targets toward resource definition and potential development.

The company’s principal assets include the Morila West and Tabango gold projects in southwestern Mali.

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