Aclara Resources Inc. (OTCMKTS:ARAAF) Sees Large Increase in Short Interest

Aclara Resources Inc. (OTCMKTS:ARAAF) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 679,515 shares, an increase of 121.0% from the September 30th total of 307,418 shares. Based on an average trading volume of 104,794 shares, the short-interest ratio is presently 6.5 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on shares of Aclara Resources in a research note on Wednesday, September 2nd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Aclara Resources Price Performance

Shares of OTCMKTS ARAAF opened at $1.69 on Friday. Aclara Resources has a twelve month low of $1.45 and a twelve month high of $4.00. The company’s fifty day moving average is $2.42 and its 200-day moving average is $2.69.

Aclara Resources Company Profile

Aclara Resources Inc is a Canadian mineral development company focused on the exploration, evaluation and development of rare earth element projects. The company’s work is centered on producing rare earth products, including mixed rare earth carbonate, for use in permanent magnets, electric vehicles, renewable energy equipment and other advanced technologies.

Aclara’s principal projects include the Penco Module in the Biobío Region of Chile and the Carina Module in the state of Goiás, Brazil.