Faraday Copper Corp. (OTCMKTS:CPPKF) Short Interest Update

Faraday Copper Corp. (OTCMKTS:CPPKF) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 560,386 shares, a drop of 45.7% from the May 14th total of 1,032,201 shares. Based on an average trading volume of 107,511 shares, the days-to-cover ratio is presently 5.2 days.

Faraday Copper Trading Up 3.4%

Shares of Faraday Copper stock opened at $4.08 on Friday. Faraday Copper has a 52-week low of $0.56 and a 52-week high of $4.83. The stock has a 50-day simple moving average of $3.85 and a 200-day simple moving average of $2.90.

Analysts Set New Price Targets

CPPKF has been the subject of a number of research reports. TD Securities restated a “buy” rating on shares of Faraday Copper in a research report on Wednesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Faraday Copper in a research report on Monday, February 23rd. Finally, Raymond James Financial initiated coverage on Faraday Copper in a research report on Thursday, June 4th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Faraday Copper Company Profile

Faraday Copper Corp is a Canada?based mineral exploration and development company focused on advancing copper?gold porphyry projects in Chile. The company’s flagship asset is the El Alcaparrosa copper?gold deposit, located in the Maricunga mineral belt of northern Chile. Faraday Copper holds mining concessions that cover a combined area of approximately 9,000 hectares, positioning it to explore, define and develop resources to support future mine studies and potential production.

The company’s technical activities include systematic drilling campaigns, metallurgical testing and environmental baseline studies.