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

Montage Gold Corp. (OTCMKTS:MAUTF) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,111,012 shares, a decrease of 46.9% from the May 14th total of 3,977,731 shares. Based on an average trading volume of 147,224 shares, the short-interest ratio is currently 14.3 days.

Montage Gold Stock Performance

Montage Gold stock traded up $1.12 during midday trading on Friday, reaching $11.36. 96,261 shares of the stock were exchanged, compared to its average volume of 182,571. The company’s fifty day moving average is $11.02 and its 200-day moving average is $9.56. Montage Gold has a 52 week low of $2.98 and a 52 week high of $12.80.

Analyst Ratings Changes

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Montage Gold in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Montage Gold presently has an average rating of “Buy”.

Montage Gold Company Profile

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.