Aclara Resources Inc. (OTCMKTS:ARAAF – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 679,515 shares, a growth of 121.0% from the September 30th total of 307,418 shares. Based on an average daily volume of 104,794 shares, the days-to-cover ratio is currently 6.5 days.
Aclara Resources Stock Performance
Shares of ARAAF stock opened at $1.69 on Friday. Aclara Resources has a 52 week low of $1.45 and a 52 week high of $4.00. The stock’s fifty day moving average is $2.42 and its 200-day moving average is $2.69.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group assumed coverage on shares of Aclara Resources in a report on Wednesday, September 2nd. They set a “hold” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Read Our Latest Analysis on ARAAF
Aclara Resources Company Profile
Aclara Resources Inc is a Canadian mineral development company focused on the exploration, evaluation and development of rare earth element projects. The company’s work is centered on producing rare earth products, including mixed rare earth carbonate, for use in permanent magnets, electric vehicles, renewable energy equipment and other advanced technologies.
Aclara’s principal projects include the Penco Module in the Biobío Region of Chile and the Carina Module in the state of Goiás, Brazil.
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