Short Interest in Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Expands By ∞

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 148,356 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 884,117 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on REA. Canaccord Genuity Group began coverage on shares of Rare Earths Americas in a research note on Monday. They issued a “buy” rating and a $25.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Rare Earths Americas in a research note on Monday. They issued a “buy” rating and a $30.00 target price for the company. B. Riley Financial initiated coverage on shares of Rare Earths Americas in a research report on Monday. They set a “buy” rating and a $28.00 target price on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of Rare Earths Americas in a research report on Monday. They set a “speculative buy” rating and a $34.00 target price on the stock. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $29.25.

Rare Earths Americas Stock Performance

NYSEAMERICAN REA traded up $0.99 during mid-day trading on Tuesday, reaching $22.54. 211,841 shares of the stock were exchanged, compared to its average volume of 462,029. Rare Earths Americas has a 1-year low of $18.95 and a 1-year high of $30.02.