Capricorn Metals Ltd (OTCMKTS:CRNLF) Sees Significant Growth in Short Interest

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 78,862 shares, an increase of 85.8% from the June 15th total of 42,447 shares. Based on an average daily trading volume, of 1,033 shares, the short-interest ratio is currently 76.3 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group cut Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price target for the company. in a report on Wednesday, June 3rd. UBS Group started coverage on Capricorn Metals in a report on Friday, June 26th. They set a “buy” rating and a $17.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Capricorn Metals Trading Down 2.2%

Shares of CRNLF opened at C$9.02 on Friday. Capricorn Metals has a 52-week low of C$5.88 and a 52-week high of C$12.06. The company has a 50-day simple moving average of C$9.37 and a 200-day simple moving average of C$9.26.

Capricorn Metals Company Profile

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.