Evolution Mining Limited (OTCMKTS:CAHPF) Stock Short Interest Climbs 149.3%

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,675,726 shares, a growth of 149.3% from the September 15th total of 672,075 shares. Based on an average daily volume of 1,480 shares, the days-to-cover ratio is presently 1,132.2 days.

Evolution Mining Stock Performance

Shares of CAHPF opened at $9.00 on Wednesday. Evolution Mining has a 52 week low of $6.40 and a 52 week high of $12.70. The stock has a 50 day moving average of $9.92 and a 200-day moving average of $9.13.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a $12.25 price target on Evolution Mining in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $12.47.

Evolution Mining Company Profile

Evolution Mining Limited is an Australian gold and copper mining company with operations in Australia and Canada. The company explores for, develops and produces gold, with copper produced as a by-product at some of its operations. Its portfolio includes open-pit and underground mines, processing facilities and exploration assets.

Evolution’s Australian operations include the Cowal mine in New South Wales, the Ernest Henry mine in Queensland, the Northparkes mine in New South Wales and the Mungari complex in Western Australia.