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

Montage Gold Corp. (OTCMKTS:MAUTF) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 2,111,012 shares, a drop 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 restated an “outperform” rating on shares of Montage Gold in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Montage Gold Stock Performance

OTCMKTS:MAUTF traded down $0.18 during mid-day trading on Tuesday, hitting $12.38. 24,971 shares of the company’s stock traded hands, compared to its average volume of 187,680. Montage Gold has a 1 year low of $2.98 and a 1 year high of $12.99. The firm’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $9.65.

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.