Short Interest in Capricorn Metals Ltd (OTCMKTS:CRNLF) Grows By 85.8%

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 78,862 shares, an increase of 85.8% from the June 15th total of 42,447 shares. Based on an average daily trading volume, of 1,033 shares, the short-interest ratio is presently 76.3 days.

Capricorn Metals Price Performance

Shares of OTCMKTS CRNLF opened at C$8.70 on Friday. The company’s fifty day moving average is C$9.34 and its 200-day moving average is C$9.26. Capricorn Metals has a twelve month low of C$5.88 and a twelve month high of C$12.06.

Analyst Ratings Changes

CRNLF has been the topic of a number of recent research reports. UBS Group initiated coverage on shares of Capricorn Metals in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective on the stock. The Goldman Sachs Group cut shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 target price for the company. in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Capricorn Metals presently has a consensus rating of “Moderate Buy”.

About Capricorn Metals

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.