Capricorn Metals Ltd (OTCMKTS:CRNLF) Short Interest Down 75.1% in July

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 19,630 shares, a decline of 75.1% from the June 30th total of 78,862 shares. Based on an average daily trading volume, of 342 shares, the days-to-cover ratio is currently 57.4 days.

Capricorn Metals Stock Performance

Shares of Capricorn Metals stock opened at C$8.50 on Monday. The firm has a 50-day simple moving average of C$9.16 and a two-hundred day simple moving average of C$9.21. Capricorn Metals has a fifty-two week low of C$5.88 and a fifty-two week high of C$12.06.

Wall Street Analyst Weigh In

CRNLF has been the subject of several recent research reports. The Goldman Sachs Group cut Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price target for the company. in a research report on Wednesday, June 3rd. UBS Group initiated coverage on Capricorn Metals in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average 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.