Idaho Copper Corporation (NYSEAMERICAN:COPR) Shares Shorted: Short Interest Up 49.5% in September

Idaho Copper Corporation (NYSEAMERICAN:COPR) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 113,151 shares, a growth of 49.5% from the August 31st total of 75,667 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 124,042 shares, the short-interest ratio is currently 0.9 days.

Idaho Copper Price Performance

Shares of COPR traded up $0.07 on Friday, reaching $3.26. 67,403 shares of the company’s stock were exchanged, compared to its average volume of 42,473. The stock’s 50 day simple moving average is $2.97. Idaho Copper has a 12 month low of $2.05 and a 12 month high of $18.00.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Idaho Copper to a “hold” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Idaho Copper

Idaho Copper Corp. is a mineral exploration and development company focused on advancing copper and other critical-mineral projects in Idaho. The company’s activities include acquiring, evaluating and exploring mineral properties rather than operating producing mines.

Its principal asset is the CuMo Project, a large-scale molybdenum, copper and silver exploration project located in central Idaho. Idaho Copper is working to assess the project’s mineral potential through exploration, technical studies and related development activities.

The company is headquartered in North America and concentrates its operations on mineral properties in Idaho.