Short Interest in Capricorn Metals Ltd (OTCMKTS:CRNLF) Drops By 75.1%

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 19,630 shares, a drop of 75.1% from the June 30th total of 78,862 shares. Based on an average trading volume of 342 shares, the short-interest ratio is presently 57.4 days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price objective on the stock. in a research report on Wednesday, June 3rd. UBS Group initiated coverage on shares of Capricorn Metals in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Capricorn Metals has a consensus rating of “Moderate Buy”.

Capricorn Metals Stock Up 0.9%

Capricorn Metals stock traded up C$0.07 during mid-day trading on Friday, hitting C$8.50. 900 shares of the company’s stock traded hands, compared to its average volume of 1,053. Capricorn Metals has a one year low of C$5.88 and a one year high of C$12.06. The firm has a 50 day moving average price of C$9.16 and a 200 day moving average price of C$9.22.

Capricorn Metals Company Profile

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.