Avalon Rare Metals Short Interest Down 1.3% in March (AVL)
Avalon Rare Metals (NYSE:AVL) was the recipient of a large decrease in short interest in January. As of March 31st, there was short interest totalling 3,636,946 shares, a decrease of 1.3% from the March 14th total of 3,591,426 shares, Stock Ratings Network.com reports. Based on an average daily volume of 439,825 shares, the days-to-cover ratio is presently 8.3 days. Currently, 3.4% of the shares of the stock are sold short.
Shares of Avalon Rare Metals (NYSE:AVL) opened at 0.60 on Monday. Avalon Rare Metals has a one year low of $0.46 and a one year high of $1.21. The stock has a 50-day moving average of $0.63 and a 200-day moving average of $0.66. The company’s market cap is $65.9 million.
Avalon Rare Metals Inc (NYSE:AVL) is a Canada-based mineral exploration and development company.
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