Chilwa Minerals Limited (NASDAQ:CHWM) Sees Large Growth in Short Interest

Chilwa Minerals Limited (NASDAQ:CHWM) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 43,179 shares, the short-interest ratio is currently 0.0 days.

Chilwa Minerals Price Performance

Chilwa Minerals stock traded down $0.75 during mid-day trading on Friday, hitting $4.87. 12,903 shares of the company’s stock were exchanged, compared to its average volume of 22,654. Chilwa Minerals has a 1-year low of $4.36 and a 1-year high of $7.08.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHWM. Maxim Group initiated coverage on shares of Chilwa Minerals in a research report on Wednesday, October 21st. They issued a “buy” rating and a $11.00 price target for the company. Wall Street Zen raised shares of Chilwa Minerals to a “hold” rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Chilwa Minerals currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Chilwa Minerals Company Profile

Chilwa Minerals Limited is an Australia-based mineral exploration and development company focused on mineral sands and rare earth opportunities in Malawi. The company is primarily advancing the Lake Chilwa project, a prospective mineral sands project located in southern Malawi.

The Lake Chilwa project is being explored for heavy mineral sands and associated critical minerals, including monazite, ilmenite, rutile and zircon. These minerals can be used in applications such as rare earth element production, pigments, ceramics and advanced industrial materials.