IMC Rare Earths Ltd (NYSEAMERICAN:IMC) Short Interest Update

IMC Rare Earths Ltd (NYSEAMERICAN:IMC) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 173,493 shares, a growth of 550.5% from the August 31st total of 26,670 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 95,597 shares, the days-to-cover ratio is currently 1.8 days.

IMC Rare Earths Stock Performance

NYSEAMERICAN:IMC opened at $6.80 on Friday. The company has a 50-day moving average price of $7.94. IMC Rare Earths has a 12-month low of $4.51 and a 12-month high of $11.84.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised IMC Rare Earths to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

IMC Rare Earths Company Profile

IMC Rare Earths Inc is a mineral exploration company focused on identifying and advancing properties with potential for rare earth elements and other critical minerals. The company is an exploration-stage business and does not currently manufacture or sell commercial products.

IMC Rare Earths’ activities center on acquiring, evaluating and developing mineral properties in North America. Its work may include geological mapping, sampling, drilling and other exploration programs designed to determine the location, scale and quality of potential mineral resources.

The company was formerly known as IMC International Mining Corp.