Capricorn Metals Ltd (OTCMKTS:CRNLF) Shares Shorted: Short Interest Down 74.4% in October

Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 8,337 shares, a decline of 74.4% from the September 30th total of 32,602 shares. Based on an average daily volume of 544 shares, the short-interest ratio is currently 15.3 days.

Capricorn Metals Price Performance

Shares of CRNLF remained flat at C$9.25 during trading hours on Thursday. Capricorn Metals has a fifty-two week low of C$6.57 and a fifty-two week high of C$13.75. The business has a 50-day moving average of C$11.12 and a 200 day moving average of C$9.79.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 target price on the stock in a research report on Monday, September 14th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy”.

Get Our Latest Analysis on CRNLF

About Capricorn Metals

(Get Free Report)

Capricorn Metals Limited is an Australian gold exploration, development and production company. Its principal asset is the Karlawinda Gold Project in the Pilbara region of Western Australia, where the company operates the Karlawinda gold mine and produces gold doré.

The Karlawinda project includes the Bibra open-pit mine, processing facilities and associated infrastructure. Capricorn Metals has advanced the project from exploration and development into commercial gold production, with its activities focused on mine operations, mineral processing, exploration and resource growth.

The company’s operations and exploration portfolio are concentrated in Western Australia, a major Australian mining jurisdiction.

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