Short Interest in Altius Minerals Co. (OTCMKTS:ATUSF) Expands By 53.6%

Altius Minerals Co. (OTCMKTS:ATUSF) saw 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 days-to-cover ratio is currently 24.0 days.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ATUSF. BMO Capital Markets restated a “market perform” rating on shares of Altius Minerals in a research note on Wednesday, July 22nd. Scotiabank reiterated a “sector perform” rating on shares of Altius Minerals in a research note on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Altius Minerals Stock Down 1.0%

ATUSF stock opened at $44.98 on Tuesday. The business’s 50-day moving average price is $42.83 and its 200-day moving average price is $38.31. Altius Minerals has a twelve month low of $20.70 and a twelve month high of $46.78.

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.