Filo Mining Corp. (OTCMKTS:FLMMF – Get Rating) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 1,932,800 shares, a growth of 8.3% from the July 15th total of 1,785,100 shares. Based on an average daily volume of 20,900 shares, the days-to-cover ratio is currently 92.5 days.

Filo Mining Stock Down 4.1 %

Shares of FLMMF stock traded down $0.56 during trading on Monday, hitting $13.15. 40,030 shares of the stock traded hands, compared to its average volume of 25,158. The firm's fifty day moving average price is $14.21 and its 200-day moving average price is $14.71. Filo Mining has a 52-week low of $6.07 and a 52-week high of $21.10.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLMMF. National Bank Financial raised their target price on shares of Filo Mining from C$25.00 to C$35.00 in a research note on Monday, June 13th. Scotiabank raised their target price on shares of Filo Mining from C$20.50 to C$25.00 in a research note on Thursday, April 21st. Finally, Canaccord Genuity Group decreased their target price on shares of Filo Mining from C$26.00 to C$25.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th.

About Filo Mining

Filo Mining Corp., together with its subsidiaries, engages in the identification, acquisition, exploration, evaluation, and development of mineral properties in Chile and Argentina. Its flagship property is the 100% owned Filo del Sol copper-gold-silver deposit located in the Atacama region of Northern Chile and adjacent San Juan province of Argentina.

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