Evolution Mining Limited (OTCMKTS:CAHPF) Sees Large Increase in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 653,774 shares, a growth of 131.3% from the May 31st total of 282,673 shares. Based on an average daily volume of 32,942 shares, the short-interest ratio is currently 19.8 days.

Evolution Mining Stock Up 0.9%

Evolution Mining stock traded up $0.07 during midday trading on Wednesday, hitting $8.04. 95,100 shares of the company’s stock were exchanged, compared to its average volume of 9,681. The firm has a 50-day moving average of $8.89 and a two-hundred day moving average of $9.34. Evolution Mining has a 12 month low of $4.36 and a 12 month high of $12.70.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 target price for the company in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Evolution Mining has a consensus rating of “Reduce” and an average target price of $12.70.

About Evolution Mining

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.