Rupert Resources Ltd. (OTCMKTS:RUPRF) Short Interest Update

Rupert Resources Ltd. (OTCMKTS:RUPRF) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,014,254 shares, a decrease of 36.8% from the April 15th total of 1,604,673 shares. Based on an average daily volume of 517,585 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reiterated an “outperform” rating on shares of Rupert Resources in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Rupert Resources Trading Down 0.7%

Shares of RUPRF traded down $0.05 during midday trading on Monday, hitting $7.43. The company’s stock had a trading volume of 33,494 shares, compared to its average volume of 140,129. Rupert Resources has a one year low of $3.39 and a one year high of $8.75. The company’s fifty day simple moving average is $6.00 and its two-hundred day simple moving average is $5.18.

About Rupert Resources

Rupert Resources Inc is a Canada-based mineral exploration and development company listed on the OTC Markets under the symbol RUPRF. The company is primarily focused on the discovery, evaluation and advancement of gold projects, with a strategic emphasis on high-grade assets in underexplored jurisdictions.

Rupert’s flagship asset is the Ikkari gold project in northern Finland, which includes the historic Pahtavaara mine area. Exploration activities at Ikkari have consisted of systematic drilling campaigns, geophysical surveys and metallurgical testing aimed at expanding known mineralization and defining new targets along the evolving mineral corridor.