Evolution Mining Limited (OTCMKTS:CAHPF) Short Interest Down 91.1% in July

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 259,274 shares, a drop of 91.1% from the June 30th total of 2,909,174 shares. Based on an average daily trading volume, of 25,234 shares, the short-interest ratio is presently 10.3 days.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 price objective on the stock in a research report on Wednesday, June 3rd. Canaccord Genuity Group set a $12.25 target price on shares of Evolution Mining in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $12.47.

Evolution Mining Price Performance

Shares of OTCMKTS:CAHPF opened at $7.96 on Friday. The business’s 50-day moving average is $8.32 and its 200 day moving average is $9.25. Evolution Mining has a 1 year low of $4.36 and a 1 year high of $12.70.

Evolution Mining Company Profile

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.