Avalon Rare Metals Short Interest Down 1.2% in May (AVL)
Shares of Avalon Rare Metals (NYSE:AVL) saw a significant decrease in short interest in the month of May. As of May 30th, there was short interest totalling 3,512,051 shares, a decrease of 1.2% from the May 15th total of 3,555,083 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 139,535 shares, the short-interest ratio is currently 25.2 days. Currently, 3.2% of the company’s shares are sold short.
Shares of Avalon Rare Metals (NYSE:AVL) opened at 0.4954 on Friday. Avalon Rare Metals has a 1-year low of $0.46 and a 1-year high of $1.07. The stock has a 50-day moving average of $0.5 and a 200-day moving average of $0.57. The company’s market cap is $51.4 million.
Avalon Rare Metals (NYSE:AVL) last released its earnings data 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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