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

Montage Gold Corp. (OTCMKTS:MAUTF) saw a large 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 trading volume of 147,224 shares, the days-to-cover ratio is currently 14.3 days.

Analysts Set New Price Targets

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

Montage Gold Trading Up 10.6%

Shares of OTCMKTS:MAUTF traded up $1.21 during mid-day trading on Monday, reaching $12.57. 894,413 shares of the company traded hands, compared to its average volume of 182,977. The company’s 50 day moving average price is $11.04 and its 200-day moving average price is $9.65. Montage Gold has a 52 week low of $2.98 and a 52 week high of $12.80.

About Montage Gold

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.