MAC Copper Limited (NYSE:MTAL) Short Interest Update

MAC Copper Limited (NYSE:MTAL – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 25 shares, a drop of 97.9% from the August 31st total of 1,171 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 16,289 shares, the short-interest ratio is currently 0.0 days.

MAC Copper Stock Performance

MAC Copper stock traded up $0.01 during midday trading on Friday, reaching $10.16. 41,836 shares of the stock traded hands, compared to its average volume of 15,425. The company has a 50-day simple moving average of $10.18 and a two-hundred day simple moving average of $10.54. MAC Copper has a 12-month low of $9.95 and a 12-month high of $11.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered MAC Copper from a “sell (d-)” rating to a “sell (e)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MAC Copper presently has an average rating of “Sell”.

Check Out Our Latest Research Report on MAC Copper

MAC Copper Company Profile

(Get Free Report)

MAC Copper Limited (NYSE: MTAL) is a copper mining company focused on the ownership and operation of the CSA Copper Mine in the Cobar region of New South Wales, Australia. The company was formerly known as Metals Acquisition Limited and acquired the CSA operation from Glencore in 2023.

The CSA Copper Mine is an underground mining operation that produces copper concentrate for sale to international customers. Its activities include underground mining, ore processing and the production of copper concentrate, with operations supported by established mining and processing infrastructure.

MAC Copper’s business is concentrated in Australia, while its copper products serve global markets.

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