Evolution Mining Limited (OTCMKTS:CAHPF) Sees Large Increase in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 653,774 shares, an increase of 131.3% from the May 31st total of 282,673 shares. Based on an average daily trading volume, of 32,942 shares, the days-to-cover ratio is currently 19.8 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 target price on the stock in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $12.70.

Evolution Mining Price Performance

Evolution Mining stock opened at $8.50 on Monday. The stock’s 50 day moving average is $8.96 and its 200 day moving average is $9.33. Evolution Mining has a one year low of $4.36 and a one year high of $12.70.

Evolution Mining Company Profile

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.