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

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,200 shares, a drop of 68.0% from the October 15th total of 10,000 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 0.3 days.

Azimut Exploration Price Performance

Shares of AZMTF traded down $0.02 during midday trading on Tuesday, reaching $0.49. The stock had a trading volume of 9,700 shares, compared to its average volume of 9,482. Azimut Exploration has a 1-year low of $0.30 and a 1-year high of $0.75. The company’s fifty day simple moving average is $0.42 and its two-hundred day simple moving average is $0.41.

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.