Short Interest in Montage Gold Corp. (OTCMKTS:MAUTF) Grows By 1,551.2%

Montage Gold Corp. (OTCMKTS:MAUTF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 67,700 shares, an increase of 1,551.2% from the March 15th total of 4,100 shares. Based on an average trading volume of 126,700 shares, the days-to-cover ratio is currently 0.5 days.

Montage Gold Stock Performance

Shares of Montage Gold stock opened at $2.70 on Wednesday. Montage Gold has a 52-week low of $0.86 and a 52-week high of $2.77. The stock’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $1.69.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAUTF. Raymond James reaffirmed an “outperform” rating on shares of Montage Gold in a report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Montage Gold in a research report on Wednesday, April 2nd.

About Montage Gold

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.