Short Interest in Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Grows By 342.1%

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 6,048 shares, an increase of 342.1% from the August 15th total of 1,368 shares. Based on an average daily volume of 23,377 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Avalon Rare Metals to a “hold” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Avalon Rare Metals Price Performance

Shares of AVLNF stock opened at $5.58 on Monday. The company has a market capitalization of $25.90 million, a PE ratio of -0.05 and a beta of 0.66. Avalon Rare Metals has a 12-month low of $3.25 and a 12-month high of $25.20. The stock has a 50-day moving average price of $6.06.

Avalon Rare Metals (OTCMKTS:AVLNF) last released its quarterly earnings results on Friday, July 10th. The company reported ($117.00) earnings per share for the quarter. Avalon Rare Metals had a negative net margin of 9,575.14% and a negative return on equity of 7.08%. The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.05 million. As a group, research analysts forecast that Avalon Rare Metals will post -3.81 EPS for the current fiscal year.

About Avalon Rare Metals

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.