Evolution Mining Limited (OTCMKTS:CAHPF) Short Interest Update

Evolution Mining Limited (OTCMKTS:CAHPF) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 684,761 shares, a growth of 164.1% from the July 15th total of 259,274 shares. Based on an average daily volume of 28,353 shares, the days-to-cover ratio is currently 24.2 days.

Evolution Mining Price Performance

Shares of Evolution Mining stock opened at $9.73 on Friday. The business has a 50 day moving average price of $8.34 and a 200-day moving average price of $9.23. Evolution Mining has a 52 week low of $4.80 and a 52 week high of $12.70.

Wall Street Analysts Forecast Growth

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

About Evolution Mining

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.