Short Interest in Avalon Rare Metals Grows By 0.2% (AVL)
Shares of Avalon Rare Metals (NYSE:AVL) were the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 3,518,553 shares, an increase of 0.2% from the May 30th total of 3,512,051 shares, AR Network reports. Based on an average trading volume of 170,664 shares, the days-to-cover ratio is currently 20.6 days. Approximately 3.2% of the company’s stock are sold short.
Avalon Rare Metals (NYSE:AVL) opened at 0.459 on Thursday. Avalon Rare Metals has a 52-week low of $0.44 and a 52-week high of $1.07. The stock has a 50-day moving average of $0.49 and a 200-day moving average of $0.5. The company’s market cap is $47.6 million.
Avalon Rare Metals (NYSE:AVL) last announced its earnings results on Tuesday, April 22nd. The company reported ($0.02) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.02). On average, analysts predict that Avalon Rare Metals will post $-0.07 earnings per share for the current fiscal year.
Avalon Rare Metals Inc (NYSE:AVL) is a Canada-based mineral exploration and development company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.