Could ARGEX TITANIUM INC ORDINARY SHARES CAN (OTCMKTS:ARGEF) See a Reversal After More Sellers Came In?

June 18, 2018 - By Michael Collier

Argex Titanium Inc. (OTCMKTS:ARGEF) Logo

The stock of ARGEX TITANIUM INC ORDINARY SHARES CAN (OTCMKTS:ARGEF) registered an increase of 50% in short interest. ARGEF’s total short interest was 6,000 shares in June as published by FINRA. Its up 50% from 4,000 shares, reported previously. With 37,000 shares average volume, it will take short sellers 0 days to cover their ARGEF’s short positions.

It closed at $0.03563 lastly. It is down 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Argex Titanium Inc. produces titanium dioxide in Canada. The company has market cap of $12.15 million. The firm develops a chemical process for the production of high-grade TiO2 for use in paint, plastic, coating, cosmetics, food, pharmaceutical, and other TiO2 applications in Canada. It currently has negative earnings. The Company’s proprietary process is designed to produce TiO2, and ferric chloride as a by-product from ilmenite ore.

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