Short Interest in Central Asia Metals plc (OTCMKTS:CAMLF) Rises By 440.7%

Central Asia Metals plc (OTCMKTS:CAMLF) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 29,199 shares, an increase of 440.7% from the April 15th total of 5,400 shares. Based on an average daily trading volume, of 3,747 shares, the days-to-cover ratio is presently 7.8 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada downgraded Central Asia Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Central Asia Metals has a consensus rating of “Hold”.

Central Asia Metals Stock Performance

Shares of Central Asia Metals stock remained flat at $1.87 on Thursday. The company’s fifty day moving average is $2.16 and its two-hundred day moving average is $2.40. Central Asia Metals has a 1-year low of $1.87 and a 1-year high of $3.59.

About Central Asia Metals

Central Asia Metals PLC (OTCMKTS: CAMLF) is a base metals producer and explorer with a focus on copper, zinc and lead. Headquartered in London, the company operates through a portfolio of mining and processing assets in the Balkan region and Central Asia. Its core business activities encompass the extraction, processing and sale of metal concentrates, serving smelters and traders in global markets.

The company’s principal operating asset is the Sasa lead-zinc-silver mine in North Macedonia, which has been in production since 2012.