Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Short Interest Up 102.7% in June

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 411,022 shares, a growth of 102.7% from the June 15th total of 202,770 shares. Based on an average daily trading volume, of 164,793 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

A number of brokerages have commented on REA. B. Riley Financial assumed coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $28.00 price objective for the company. Stifel Nicolaus initiated coverage on Rare Earths Americas in a report on Monday, June 1st. They issued a “buy” rating and a $30.00 target price on the stock. Zacks Research raised shares of Rare Earths Americas to a “hold” rating in a research report on Tuesday, June 9th. Canaccord Genuity Group initiated coverage on shares of Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Cantor Fitzgerald started coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They issued a “speculative buy” rating and a $34.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Rare Earths Americas Stock Down 6.3%

REA stock traded down $0.82 during trading hours on Wednesday, hitting $12.10. The company’s stock had a trading volume of 140,623 shares, compared to its average volume of 279,581. Rare Earths Americas has a 12 month low of $11.25 and a 12 month high of $30.02. The stock has a 50 day moving average of $18.26.