AMG Advanced Metallurgical Group (OTCMKTS:AMVMF) Sees Significant Drop in Short Interest


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AMG Advanced Metallurgical Group (OTCMKTS:AMVMF) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 20,900 shares, a drop of 26.9% from the March 31st total of 28,600 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 17.4 days.

Separately, Berenberg Bank reaffirmed a “buy” rating on shares of AMG Advanced Metallurgical Group in a research report on Friday, January 8th.

Shares of AMG Advanced Metallurgical Group stock traded down $1.20 during mid-day trading on Tuesday, hitting $39.57. 600 shares of the stock were exchanged, compared to its average volume of 1,390. AMG Advanced Metallurgical Group has a 12 month low of $15.80 and a 12 month high of $42.10. The company has a 50-day simple moving average of $40.00 and a 200 day simple moving average of $32.32.

About AMG Advanced Metallurgical Group

AMG Advanced Metallurgical Group N.V. produces and sells engineered specialty metals and mineral products. It also provides vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals and chemicals markets. The company operates through two segments, AMG Critical Materials and AMG Technologies.

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