Horizonte Minerals Plc (OTCMKTS:HZMMF) Sees Significant Growth in Short Interest

Horizonte Minerals Plc (OTCMKTS:HZMMF) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 34,500 shares, an increase of 1,280.0% from the March 31st total of 2,500 shares. Based on an average daily trading volume, of 243,300 shares, the days-to-cover ratio is currently 0.1 days.

Horizonte Minerals Price Performance

Shares of Horizonte Minerals stock traded up $0.00 during trading on Thursday, hitting $0.01. 1,900 shares of the stock were exchanged, compared to its average volume of 60,362. Horizonte Minerals has a 12-month low of $0.00 and a 12-month high of $2.16. The firm’s 50-day moving average price is $0.04 and its 200 day moving average price is $0.12.

Horizonte Minerals Company Profile

Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district.