Evolution Mining Limited (OTCMKTS:CAHPF) Short Interest Update

Evolution Mining Limited (OTCMKTS:CAHPF) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 714,117 shares, a decrease of 53.2% from the April 15th total of 1,524,292 shares. Based on an average trading volume of 20,204 shares, the days-to-cover ratio is currently 35.3 days.

Evolution Mining Stock Down 2.3%

OTCMKTS CAHPF opened at $9.37 on Friday. The stock’s 50-day moving average price is $9.38 and its 200-day moving average price is $9.03. Evolution Mining has a 52 week low of $4.36 and a 52 week high of $12.70.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued an “underperform” rating on shares of Evolution Mining in a report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Evolution Mining presently has an average rating of “Reduce”.

Evolution Mining Company Profile

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.