Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Short Interest Update

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 148,356 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 884,117 shares, the short-interest ratio is currently 0.2 days.

Rare Earths Americas Price Performance

Shares of NYSEAMERICAN:REA traded down $0.30 during midday trading on Monday, hitting $21.55. The company’s stock had a trading volume of 129,511 shares, compared to its average volume of 476,746. Rare Earths Americas has a 12-month low of $18.95 and a 12-month high of $30.02.

Wall Street Analysts Forecast Growth

REA has been the subject of a number of research reports. Stifel Nicolaus began coverage on shares of Rare Earths Americas in a research note on Monday. They issued a “buy” rating and a $30.00 price target for the company. B. Riley Financial assumed coverage on shares of Rare Earths Americas in a research report on Monday. They issued a “buy” rating and a $28.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of Rare Earths Americas in a research report on Monday. They issued a “speculative buy” rating and a $34.00 price target for the company. Finally, Canaccord Genuity Group began coverage on shares of Rare Earths Americas in a research report on Monday. They set a “buy” rating and a $25.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $29.25.