Short Interest in Faraday Copper Corp. (OTCMKTS:CPPKF) Rises By 45.6%

Faraday Copper Corp. (OTCMKTS:CPPKF) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 64,200 shares, a growth of 45.6% from the September 15th total of 44,100 shares. Based on an average daily volume of 110,300 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 110,300 shares, the short-interest ratio is presently 0.6 days.

Faraday Copper Trading Up 1.5%

Shares of CPPKF opened at $1.34 on Thursday. Faraday Copper has a 52 week low of $0.44 and a 52 week high of $1.40. The firm’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $0.81.

Analyst Ratings Changes

Separately, TD Securities reiterated a “buy” rating on shares of Faraday Copper in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Faraday Copper currently has an average rating of “Buy”.

About Faraday Copper

Faraday Copper Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States. The company holds a 100% interest in the Copper Creek project consisting of 73 square kilometers private land, patented and un-patented mining claims, and state prospecting permits located in Pinal County, Arizona.