Capricorn Metals Ltd (OTCMKTS:CRNLF) Stock Short Interest Rises 178.2%

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 23,196 shares, a growth of 178.2% from the October 15th total of 8,337 shares. Based on an average daily trading volume, of 283 shares, the days-to-cover ratio is presently 82.0 days.

Capricorn Metals Stock Performance

CRNLF remained flat at C$9.13 during trading on Friday. The company has a fifty day simple moving average of C$10.33 and a two-hundred day simple moving average of C$9.74. Capricorn Metals has a 1-year low of C$6.57 and a 1-year high of C$13.75.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 price target on the stock in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Capricorn Metals

Capricorn Metals Ltd. is an Australian gold company focused on developing and operating gold projects. Its principal operating asset is the Karlawinda Gold Project in Western Australia, where the company mines and processes gold ore to produce gold doré. The company is also advancing the Mt Gibson Gold Project in Western Australia, adding a development asset to its portfolio. Capricorn’s activities include gold exploration, mine development and production, with its projects centered in the state’s established gold-mining regions.