Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Short Interest Down 71.3% in August

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,368 shares, a decrease of 71.3% from the July 30th total of 4,770 shares. Based on an average daily volume of 3,826 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Avalon Rare Metals to a “hold” rating in a report on Friday, June 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Avalon Rare Metals Price Performance

Shares of OTCMKTS:AVLNF opened at $7.00 on Thursday. The stock has a market capitalization of $32.48 million, a P/E ratio of -0.06 and a beta of 0.50. The business has a 50-day moving average of $6.55 and a two-hundred day moving average of $8.09. Avalon Rare Metals has a fifty-two week low of $3.25 and a fifty-two week high of $25.20.

Avalon Rare Metals (OTCMKTS:AVLNF) last issued its quarterly earnings data on Friday, July 10th. The company reported ($117.00) EPS for the quarter. Avalon Rare Metals had a negative net margin of 9,575.14% and a negative return on equity of 7.08%. The company had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.05 million. As a group, research analysts expect that Avalon Rare Metals will post -3.76 EPS for the current fiscal year.

About Avalon Rare Metals

Avalon Rare Metals (OTCMKTS:AVLNF) is a Canada-based mineral exploration and development company focused on the discovery and advancement of rare metals, with an emphasis on rare earth elements critical to high-tech and green energy applications. The company’s flagship project is the Nechalacho Rare Earth Elements Deposit, located approximately 100 kilometers southeast of Yellowknife in Canada’s Northwest Territories. This project is recognized for its high concentrations of key light rare earth elements such as neodymium and praseodymium, which are essential in the manufacture of permanent magnets, electric vehicles and wind turbines.

The company’s primary business activities encompass detailed exploration, resource definition drilling, metallurgical testing and environmental baseline studies.