Capricorn Metals Ltd (OTCMKTS:CRNLF) Short Interest Up 85.8% in June

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

Capricorn Metals Stock Performance

CRNLF stock opened at C$9.02 on Friday. Capricorn Metals has a one year low of C$5.88 and a one year high of C$12.06. The company has a fifty day moving average of C$9.37 and a 200-day moving average of C$9.26.

Analyst Upgrades and Downgrades

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