Arizona Sonoran Copper Company Inc. (OTCMKTS:ASCUF) Short Interest Update

Arizona Sonoran Copper Company Inc. (OTCMKTS:ASCUF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,716,858 shares, an increase of 163.1% from the May 14th total of 652,493 shares. Based on an average daily trading volume, of 223,038 shares, the days-to-cover ratio is presently 7.7 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank reissued an “outperform” rating on shares of Arizona Sonoran Copper in a report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Arizona Sonoran Copper Stock Up 6.6%

Shares of ASCUF stock opened at $6.39 on Friday. The company has a 50-day simple moving average of $6.07 and a 200 day simple moving average of $4.82. Arizona Sonoran Copper has a 52 week low of $1.47 and a 52 week high of $7.72.

About Arizona Sonoran Copper

Arizona Sonoran Copper Company Inc engages in the identification, acquisition, exploration, development, and production of base metal properties. It primarily explores for copper. The company’s principal asset is the 100% owned Cactus Mine Project located in Casa Grande, Arizona. The company was formerly known as Elim Mining Incorporated and changed its name to Arizona Sonoran Copper Company Inc in July 2021. Arizona Sonoran Copper Company Inc was incorporated in 2019 and is based in Toronto, Canada.