Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Short Interest Update

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,368 shares, a drop of 71.3% from the July 30th total of 4,770 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,826 shares, the short-interest ratio is currently 0.4 days.

Avalon Rare Metals Stock Down 3.4%

OTCMKTS:AVLNF traded down $0.26 during mid-day trading on Friday, hitting $7.28. 1,468 shares of the stock traded hands, compared to its average volume of 8,214. The stock has a market capitalization of $33.78 million, a price-to-earnings ratio of -0.06 and a beta of 0.50. Avalon Rare Metals has a 52 week low of $3.25 and a 52 week high of $25.20. The firm’s 50 day moving average is $6.51 and its two-hundred day moving average is $8.05.

Avalon Rare Metals (OTCMKTS:AVLNF) last posted its quarterly earnings data on Friday, July 10th. The company reported ($117.00) earnings per share for the quarter. The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.05 million. Avalon Rare Metals had a negative net margin of 9,575.14% and a negative return on equity of 7.08%. As a group, research analysts predict that Avalon Rare Metals will post -3.76 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Avalon Rare Metals to a “hold” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Avalon Rare Metals currently has a consensus rating of “Hold”.

Avalon Rare Metals Company Profile

Avalon Rare Metals (OTCMKTS:AVLNF) is a Canada-based mineral exploration and development company focused on the discovery and advancement of rare metals, with an emphasis on rare earth elements critical to high-tech and green energy applications. The company’s flagship project is the Nechalacho Rare Earth Elements Deposit, located approximately 100 kilometers southeast of Yellowknife in Canada’s Northwest Territories. This project is recognized for its high concentrations of key light rare earth elements such as neodymium and praseodymium, which are essential in the manufacture of permanent magnets, electric vehicles and wind turbines.

The company’s primary business activities encompass detailed exploration, resource definition drilling, metallurgical testing and environmental baseline studies.