Evolution Mining Limited (OTCMKTS:CAHPF) Short Interest Up 345.0% in June

Evolution Mining Limited (OTCMKTS:CAHPF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,909,174 shares, an increase of 345.0% from the June 15th total of 653,774 shares. Based on an average daily volume of 6,332 shares, the days-to-cover ratio is presently 459.4 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 target price on the stock in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Evolution Mining presently has a consensus rating of “Reduce” and an average price target of $12.70.

Evolution Mining Stock Performance

CAHPF stock opened at $7.82 on Monday. Evolution Mining has a 12 month low of $4.36 and a 12 month high of $12.70. The firm has a 50-day moving average of $8.67 and a two-hundred day moving average of $9.32.

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.