Idaho Copper Corporation (NYSEAMERICAN:COPR) Sees Significant Growth in Short Interest

Idaho Copper Corporation (NYSEAMERICAN:COPR) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 75,667 shares, a growth of 164.3% from the August 15th total of 28,633 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 96,234 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Idaho Copper to a “hold” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Idaho Copper Price Performance

COPR opened at $3.45 on Friday. Idaho Copper has a 1-year low of $2.05 and a 1-year high of $18.00.

Idaho Copper Company Profile

Idaho Copper Corporation is a mineral exploration and development company focused on advancing copper and other strategic mineral projects in the United States. The company’s activities include acquiring, evaluating, exploring and developing mineral properties rather than operating a producing mine.

Its principal asset is the CuMo Project in Idaho, a large-scale exploration property associated with copper, molybdenum and silver mineralization. The project is located near Boise and has also been evaluated for additional critical and strategic minerals, including tungsten.