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

Aclara Resources Inc. (OTCMKTS:ARAAF) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 263,368 shares, a decrease of 67.1% from the April 30th total of 801,214 shares. Based on an average daily volume of 177,956 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of Aclara Resources from a “sector perform” rating to an “outperform” rating in a research note on Sunday, April 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Aclara Resources has an average rating of “Buy”.

Aclara Resources Price Performance

ARAAF stock opened at $3.15 on Friday. Aclara Resources has a 12 month low of $0.53 and a 12 month high of $4.00. The firm has a 50 day simple moving average of $2.97 and a 200 day simple moving average of $2.42.

Aclara Resources Company Profile

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile. The company holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.