Idaho Copper Corporation (NYSEAMERICAN:COPR) Stock Short Interest Jumps 49.5%

Idaho Copper Corporation (NYSEAMERICAN:COPR) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 113,151 shares, an increase of 49.5% from the August 31st total of 75,667 shares. Based on an average daily trading volume, of 124,042 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Idaho Copper to a “hold” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Idaho Copper Stock Performance

NYSEAMERICAN:COPR traded up $0.03 on Thursday, hitting $3.19. The stock had a trading volume of 36,147 shares, compared to its average volume of 42,293. The business has a 50-day moving average price of $2.97. Idaho Copper has a 52-week low of $2.05 and a 52-week high of $18.00.

Idaho Copper Company Profile

Idaho Copper Corp. is a mineral exploration and development company focused on advancing copper and other critical-mineral projects in Idaho. The company’s activities include acquiring, evaluating and exploring mineral properties rather than operating producing mines.

Its principal asset is the CuMo Project, a large-scale molybdenum, copper and silver exploration project located in central Idaho. Idaho Copper is working to assess the project’s mineral potential through exploration, technical studies and related development activities.

The company is headquartered in North America and concentrates its operations on mineral properties in Idaho.