Adriatic Metals PLC (OTCMKTS:ADMLF) Sees Large Decline in Short Interest

Adriatic Metals PLC (OTCMKTS:ADMLF) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,430,000 shares, a drop of 19.6% from the May 31st total of 1,779,100 shares. Based on an average daily volume of 60,400 shares, the days-to-cover ratio is presently 23.7 days.

Adriatic Metals Trading Up 6.0 %

Shares of Adriatic Metals stock opened at $2.81 on Friday. The firm’s 50-day simple moving average is $2.88 and its 200-day simple moving average is $2.57. Adriatic Metals has a twelve month low of $1.88 and a twelve month high of $3.37.

About Adriatic Metals

Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the 100% owned Vare Silver Project covering an area of approximately 44 square kilometers located in Bosnia and Herzegovina.