Azimut Exploration Inc. (OTCMKTS:AZMTF) Short Interest Up 22,733.3% in July

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,480 shares, an increase of 22,733.3% from the July 15th total of 24 shares. Based on an average trading volume of 21,459 shares, the days-to-cover ratio is currently 0.3 days.

Azimut Exploration Stock Performance

OTCMKTS:AZMTF traded down $0.00 on Tuesday, reaching $0.46. 15,650 shares of the stock traded hands, compared to its average volume of 24,400. Azimut Exploration has a 1-year low of $0.36 and a 1-year high of $0.84. The company’s 50 day moving average is $0.44 and its 200-day moving average is $0.51.

Azimut Exploration Company Profile

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.