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 the month of 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.

Altius Minerals Stock Down 1.0%

Shares of ATUSF opened at $44.98 on Tuesday. Altius Minerals has a 1 year low of $20.70 and a 1 year high of $46.78. The company has a 50 day simple moving average of $42.83 and a two-hundred day simple moving average of $38.31.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATUSF. BMO Capital Markets reissued a “market perform” rating on shares of Altius Minerals in a report on Wednesday, July 22nd. Scotiabank reaffirmed a “sector perform” rating on shares of Altius Minerals in a research note on Tuesday, July 7th. One investment 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.com, the company has a consensus rating of “Hold”.

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.