Evolution Mining Limited (OTCMKTS:CAHPF) Sees Significant Drop in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 714,117 shares, a drop of 53.2% from the April 15th total of 1,524,292 shares. Based on an average daily volume of 20,204 shares, the days-to-cover ratio is presently 35.3 days.

Evolution Mining Trading Down 5.7%

Shares of OTCMKTS:CAHPF traded down $0.54 during midday trading on Friday, reaching $9.05. 4,726 shares of the company were exchanged, compared to its average volume of 10,924. Evolution Mining has a fifty-two week low of $4.36 and a fifty-two week high of $12.70. The stock has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $9.03.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated an “underperform” rating on shares of Evolution Mining in a report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Evolution Mining

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.