Montage Gold Corp. (OTCMKTS:MAUTF) Sees Large Decrease in Short Interest

Montage Gold Corp. (OTCMKTS:MAUTF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,977,731 shares, a decrease of 39.0% from the April 30th total of 6,525,607 shares. Based on an average trading volume of 162,142 shares, the days-to-cover ratio is presently 24.5 days.

Montage Gold Price Performance

Shares of OTCMKTS:MAUTF remained flat at $11.88 during trading on Wednesday. The company’s stock had a trading volume of 6,769 shares, compared to its average volume of 186,061. Montage Gold has a 12-month low of $2.98 and a 12-month high of $12.80. The firm’s 50-day moving average is $10.92 and its 200 day moving average is $9.23.

Analyst Upgrades and Downgrades

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

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.