Short Interest in Aclara Resources Inc. (OTC:ARAAF) Declines By 34.9%

Aclara Resources Inc. (OTC:ARAAF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 98,400 shares, a drop of 34.9% from the September 30th total of 151,100 shares. Based on an average daily volume of 550,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 550,100 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aclara Resources in a research report on Wednesday, August 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Aclara Resources presently has an average rating of “Hold”.

Aclara Resources Price Performance

Shares of Aclara Resources stock traded down $0.18 on Monday, reaching $2.12. The company had a trading volume of 304,217 shares, compared to its average volume of 104,356. The firm’s 50 day moving average price is $1.84 and its two-hundred day moving average price is $1.14. Aclara Resources has a 52-week low of $0.29 and a 52-week high of $3.65.

About Aclara Resources

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile.