Aclara Resources Inc. (OTCMKTS:ARAAF) Sees Large Decline in Short Interest

Aclara Resources Inc. (OTCMKTS:ARAAF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 263,368 shares, a decline of 67.1% from the April 30th total of 801,214 shares. Based on an average daily trading volume, of 177,956 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of Aclara Resources from a “sector perform” rating to an “outperform” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Aclara Resources Stock Performance

ARAAF stock opened at $3.15 on Friday. Aclara Resources has a 52 week low of $0.53 and a 52 week high of $4.00. The firm’s 50-day moving average is $2.97 and its two-hundred day moving average is $2.42.

Aclara Resources Company Profile

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile. The company holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.