Short Interest in Avalon Rare Metals Drops By 2.0% (AVL)
Avalon Rare Metals (NYSE:AVL) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 3,555,083 shares, a decline of 2.0% from the April 30th total of 3,627,974 shares, Analyst RN reports. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 240,106 shares, the short-interest ratio is currently 14.8 days.
Shares of Avalon Rare Metals (NYSE:AVL) opened at 0.4926 on Thursday. Avalon Rare Metals has a 1-year low of $0.46 and a 1-year high of $1.07. The stock’s 50-day moving average is $0.55 and its 200-day moving average is $0.58. The company’s market cap is $51.1 million.
Avalon Rare Metals (NYSE:AVL) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.02). On average, analysts predict that Avalon Rare Metals will post $-0.10 earnings per share for the current fiscal year.
Avalon Rare Metals Inc (NYSE:AVL) is a Canada-based mineral exploration and development company.
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