Altius Minerals Co. (OTCMKTS:ATUSF) Sees Significant Increase in Short Interest

Altius Minerals Co. (OTCMKTS:ATUSF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,081,158 shares, a growth of 53.6% from the July 15th total of 703,894 shares. Based on an average daily trading volume, of 45,084 shares, the short-interest ratio is presently 24.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Scotiabank reissued a “sector perform” rating on shares of Altius Minerals in a report on Tuesday, July 7th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Altius Minerals in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Altius Minerals has an average rating of “Hold”.

Altius Minerals Trading Down 0.3%

Shares of OTCMKTS:ATUSF opened at $44.86 on Wednesday. Altius Minerals has a 12 month low of $20.70 and a 12 month high of $46.78. The firm’s 50-day moving average is $42.92 and its 200 day moving average is $38.38.

Altius Minerals Company Profile

Altius Minerals Corp. (OTCMKTS:ATUSF) is a Canada-based royalty and streaming company that acquires and manages a diversified portfolio of mineral, marine aggregate and energy royalties. Rather than investing directly in exploration and development, Altius secures long-term royalty and streaming agreements that generate recurring revenue from producing assets. This business model emphasizes capital efficiency and risk mitigation by partnering with operating companies and leveraging existing infrastructure.

The company’s royalty interests span multiple commodities and geographies, including iron ore assets in Labrador and Quebec, potash projects in Saskatchewan, thermal coal and petroleum royalties in North America, and marine aggregate operations along the Atlantic coast of Canada.