Azimut Exploration Inc. (OTCMKTS:AZMTF) Sees Large Increase in Short Interest

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 48,239 shares, a growth of 143.5% from the December 31st total of 19,807 shares. Based on an average trading volume of 84,872 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 84,872 shares, the short-interest ratio is presently 0.6 days.

Azimut Exploration Stock Down 3.6%

OTCMKTS AZMTF opened at $0.70 on Friday. The firm’s fifty day simple moving average is $0.60 and its two-hundred day simple moving average is $0.54. Azimut Exploration has a 12-month low of $0.32 and a 12-month high of $0.84.

About Azimut Exploration

Azimut Exploration Inc (OTCMKTS: AZMTF) is a Canadian mineral exploration company focused on the identification and delineation of large?scale gold and base metal deposits in Quebec. The company’s primary business activities include the acquisition, exploration and development of mineral properties, with an emphasis on underexplored greenstone belts in the Abitibi region and the James Bay territory.

Azimut’s exploration model combines detailed geological mapping, multi?disciplinary geophysical surveys and systematic geochemical sampling to generate high?potential targets.