Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Short Interest Update

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 411,022 shares, a growth of 102.7% from the June 15th total of 202,770 shares. Based on an average daily volume of 164,793 shares, the days-to-cover ratio is presently 2.5 days.

Rare Earths Americas Stock Down 7.3%

NYSEAMERICAN:REA traded down $0.88 during mid-day trading on Thursday, reaching $11.22. 189,955 shares of the stock were exchanged, compared to its average volume of 277,722. The business’s fifty day moving average price is $18.03. Rare Earths Americas has a 1-year low of $10.65 and a 1-year high of $30.02.

Wall Street Analyst Weigh In

REA has been the topic of several research analyst reports. B. Riley Financial began coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They set a “buy” rating and a $28.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They issued a “buy” rating and a $30.00 price target for the company. Zacks Research upgraded shares of Rare Earths Americas to a “hold” rating in a report on Tuesday, June 9th. Cantor Fitzgerald began coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They set a “speculative buy” rating and a $34.00 price objective on the stock. Finally, Canaccord Genuity Group assumed coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They set a “buy” rating and a $25.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.