Apollo Silver Corp. (OTCMKTS:APGOF) Short Interest Up 59.0% in May

Apollo Silver Corp. (OTCMKTS:APGOF – Get Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 13,200 shares, an increase of 59.0% from the April 30th total of 8,300 shares. Based on an average daily volume of 53,300 shares, the short-interest ratio is currently 0.2 days.

Apollo Silver Price Performance

Shares of OTCMKTS:APGOF remained flat at $0.12 during midday trading on Friday. 294 shares of the stock were exchanged, compared to its average volume of 27,530. Apollo Silver has a 1 year low of $0.08 and a 1 year high of $0.35. The firm has a fifty day moving average price of $0.13 and a two-hundred day moving average price of $0.14.

Wall Street Analysts Forecast Growth

Separately, Desjardins decreased their target price on shares of Apollo Silver from C$0.75 to C$0.40 in a research report on Friday, March 17th.

About Apollo Silver

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Apollo Silver Corp. engages in the exploration and development of silver properties in the United States. The company holds interests in the Waterloo property that includes 27 fee simple land parcels covering an area of 1,352 acres and 21 unpatented lode mining claims covering an area of 418 acres; and the Langtry property that consist of 20 patented claims covering an area of 413 acres and 38 unpatented lode mining claims covering an area of 767 acres located in the Mojave Desert of San Bernardino county, California.