Arizona Sonoran Copper Company Inc. (OTCMKTS:ASCUF) Short Interest Update

Arizona Sonoran Copper Company Inc. (OTCMKTS:ASCUF) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,716,858 shares, an increase of 163.1% from the May 14th total of 652,493 shares. Based on an average trading volume of 223,038 shares, the days-to-cover ratio is currently 7.7 days.

Arizona Sonoran Copper Price Performance

OTCMKTS ASCUF opened at $6.39 on Friday. Arizona Sonoran Copper has a 12 month low of $1.47 and a 12 month high of $7.72. The stock has a 50 day moving average of $6.07 and a 200-day moving average of $4.82.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Arizona Sonoran Copper in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Arizona Sonoran Copper Company Profile

Arizona Sonoran Copper Company Inc engages in the identification, acquisition, exploration, development, and production of base metal properties. It primarily explores for copper. The company’s principal asset is the 100% owned Cactus Mine Project located in Casa Grande, Arizona. The company was formerly known as Elim Mining Incorporated and changed its name to Arizona Sonoran Copper Company Inc in July 2021. Arizona Sonoran Copper Company Inc was incorporated in 2019 and is based in Toronto, Canada.