Short Interest in Idaho Copper Corporation (NYSEAMERICAN:COPR) Increases By 164.3%

Idaho Copper Corporation (NYSEAMERICAN:COPR) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 75,667 shares, an increase of 164.3% from the August 15th total of 28,633 shares. Based on an average daily volume of 96,234 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Idaho Copper Stock Performance

Shares of NYSEAMERICAN:COPR traded up $0.06 during trading on Monday, reaching $3.51. 83,955 shares of the stock were exchanged, compared to its average volume of 37,584. Idaho Copper has a 12 month low of $2.05 and a 12 month high of $18.00.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Idaho Copper to a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Idaho Copper Company Profile

Idaho Copper Corporation is a mineral exploration and development company focused on advancing copper and other strategic mineral projects in the United States. The company’s activities include acquiring, evaluating, exploring and developing mineral properties rather than operating a producing mine.

Its principal asset is the CuMo Project in Idaho, a large-scale exploration property associated with copper, molybdenum and silver mineralization. The project is located near Boise and has also been evaluated for additional critical and strategic minerals, including tungsten.