Aldebaran Resources Inc. (OTCMKTS:ADBRF) Sees Significant Drop in Short Interest

Aldebaran Resources Inc. (OTCMKTS:ADBRF) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 41,775 shares, a drop of 52.8% from the April 30th total of 88,447 shares. Based on an average daily volume of 76,792 shares, the short-interest ratio is presently 0.5 days.

Aldebaran Resources Price Performance

ADBRF opened at $2.28 on Monday. Aldebaran Resources has a 52-week low of $1.25 and a 52-week high of $3.03. The firm’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $2.28.

About Aldebaran Resources

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.