Short Interest in Capricorn Metals Ltd (OTCMKTS:CRNLF) Grows By 106.1%

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 40,452 shares, an increase of 106.1% from the July 15th total of 19,630 shares. Based on an average daily volume of 613 shares, the days-to-cover ratio is currently 66.0 days.

Capricorn Metals Stock Performance

Shares of CRNLF opened at C$12.30 on Monday. Capricorn Metals has a 12 month low of C$6.47 and a 12 month high of C$12.30. The stock has a fifty day moving average price of C$9.33 and a 200 day moving average price of C$9.26.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CRNLF shares. The Goldman Sachs Group lowered shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price target for the company. in a report on Wednesday, June 3rd. UBS Group started coverage on shares of Capricorn Metals in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capricorn Metals presently has an average rating of “Moderate Buy”.

Capricorn Metals Company Profile

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.