Short Interest in Aldebaran Resources Inc. (OTCMKTS:ADBRF) Drops By 52.8%

Aldebaran Resources Inc. (OTCMKTS:ADBRFGet Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 41,775 shares, a decrease of 52.8% from the April 30th total of 88,447 shares. Based on an average daily volume of 76,792 shares, the days-to-cover ratio is currently 0.5 days.

Aldebaran Resources Stock Up 3.9%

OTCMKTS:ADBRF opened at $2.37 on Tuesday. Aldebaran Resources has a one year low of $1.29 and a one year high of $3.03. The firm’s fifty day moving average is $1.91 and its two-hundred day moving average is $2.28.

About Aldebaran Resources

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Aldebaran Resources Inc (OTCMKTS:ADBRF) is a mineral exploration company focused on the acquisition, exploration and development of copper–gold porphyry projects in the Americas. Incorporated in Vancouver, Canada, the company targets large-scale, bulk-tonnage deposits and seeks to leverage the growing demand for copper and gold driven by the global transition to low-carbon technologies.

The company’s flagship asset is the Rio Grande property in southwestern Ecuador, where it holds a 100% interest in concessions covering approximately 315 square kilometres in the prolific Andean copper–gold belt.

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