Capricorn Metals Ltd (OTCMKTS:CRNLF) Short Interest Up 85.8% in June

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

Analyst Ratings Changes

Several equities analysts recently commented on CRNLF shares. UBS Group initiated coverage on shares of Capricorn Metals in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price target for the company. The Goldman Sachs Group downgraded Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price objective for the company. in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Capricorn Metals currently has a consensus rating of “Moderate Buy”.

Capricorn Metals Price Performance

CRNLF opened at C$8.70 on Friday. Capricorn Metals has a 1 year low of C$5.88 and a 1 year high of C$12.06. The firm has a 50 day moving average price of C$9.34 and a 200 day moving average price of C$9.26.

About Capricorn Metals

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.