Capricorn Metals Ltd (OTCMKTS:CRNLF) Sees Significant Increase in Short Interest

Capricorn Metals Ltd (OTCMKTS:CRNLF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 122,235 shares, an increase of 922.5% from the August 15th total of 11,954 shares. Based on an average daily volume of 881 shares, the short-interest ratio is presently 138.7 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on CRNLF shares. UBS Group initiated coverage on shares of Capricorn Metals in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective for the company. The Goldman Sachs Group lowered shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 target price on the stock. in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Capricorn Metals Stock Down 3.3%

Shares of OTCMKTS CRNLF opened at C$10.90 on Friday. Capricorn Metals has a 12 month low of C$6.57 and a 12 month high of C$13.75. The business’s 50 day moving average is C$10.63 and its two-hundred day moving average is C$9.57.

About Capricorn Metals

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.