Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Short Interest Update

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 64,266,200 shares, an increase of 6.3% from the March 15th total of 60,472,800 shares. Based on an average trading volume of 151,600 shares, the days-to-cover ratio is currently 423.9 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price objective on Ivanhoe Mines from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th.

Ivanhoe Mines Stock Performance

Ivanhoe Mines stock opened at $13.71 on Thursday. Ivanhoe Mines has a 52-week low of $7.13 and a 52-week high of $14.22. The stock’s 50 day moving average price is $11.53 and its two-hundred day moving average price is $9.85.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.