Osisko Development Corp. (OTCMKTS:RNGTF) was the target of a significant growth in short interest in the month of May. As of May 28th, there was short interest totalling 10,400 shares, a growth of 25.3% from the May 13th total of 8,300 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 1.7 days.
Separately, Desjardins began coverage on Osisko Development in a report on Friday, May 21st. They set a “buy” rating for the company.
Shares of Osisko Development stock opened at $5.74 on Thursday. The firm has a 50-day simple moving average of $5.94. Osisko Development has a 52 week low of $5.68 and a 52 week high of $10.10.
Osisko Development Company Profile
Osisko Development Corp., a gold mining company, engages in the exploration, evaluation, and development of mining projects. Its flagship project is the Cariboo Gold project located in British Columbia, Canada. The company is headquartered in Montreal, Canada.
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