After Reaching Milestone, Is ASCENDANT RES INC ORDINARY SHARES (OTCMKTS:ASDRF)’s Short Interest Revealing Something?

June 18, 2018 - By Clifton Ray

The stock of ASCENDANT RES INC ORDINARY SHARES (OTCMKTS:ASDRF) registered an increase of 255.56% in short interest. ASDRF’s total short interest was 6,400 shares in June as published by FINRA. Its up 255.56% from 1,800 shares, reported previously. With 14,700 shares average volume, it will take short sellers 0 days to cover their ASDRF’s short positions. The short interest to ASCENDANT RES INC ORDINARY SHARES’s float is 0.01%.

The stock increased 2.44% or $0.0199 during the last trading session, reaching $0.8364. About 10,200 shares traded or 60.55% up from the average. Ascendant Resources Inc. (OTCMKTS:ASDRF) has 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Ascendant Resources Inc. explores for and evaluates mineral properties in Papua New Guinea. The company has market cap of $62.77 million. It focuses on acquiring the El Mochito zine, lead, and silver mining complex located in Honduras. It currently has negative earnings. The firm was formerly known as Morumbi Resources Inc. and changed its name to Ascendant Resources Inc. in December 2016.

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