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

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 40,452 shares, a growth of 106.1% from the July 15th total of 19,630 shares. Based on an average daily trading volume, of 613 shares, the short-interest ratio is currently 66.0 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRNLF. The Goldman Sachs Group lowered Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price objective on the stock. in a research note on Wednesday, June 3rd. UBS Group assumed coverage on shares of Capricorn Metals in a report on Friday, June 26th. They set a “buy” rating and a $17.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Capricorn Metals presently has an average rating of “Moderate Buy”.

Capricorn Metals Stock Performance

CRNLF traded up C$0.80 during trading on Friday, reaching C$12.30. 600 shares of the stock traded hands, compared to its average volume of 1,016. The stock’s 50-day moving average is C$9.33 and its 200 day moving average is C$9.27. Capricorn Metals has a 12 month low of C$6.47 and a 12 month high of C$12.30.

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.