Chilwa Minerals Limited (NASDAQ:CHWM) Sees Significant Growth in Short Interest

Chilwa Minerals Limited (NASDAQ:CHWM) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,200 shares. Based on an average trading volume of 43,179 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CHWM shares. Maxim Group assumed coverage on shares of Chilwa Minerals in a research note on Wednesday, October 21st. They issued a “buy” rating and a $11.00 target price for the company. Wall Street Zen upgraded shares of Chilwa Minerals to a “hold” rating in a research report on Saturday, October 10th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $11.00.

Chilwa Minerals Trading Down 13.3%

Shares of CHWM traded down $0.75 during midday trading on Friday, reaching $4.87. The stock had a trading volume of 12,903 shares, compared to its average volume of 22,654. Chilwa Minerals has a 12-month low of $4.36 and a 12-month high of $7.08.

About Chilwa Minerals

Chilwa Minerals Limited is an Australia-based mineral exploration and development company focused on mineral sands and rare earth opportunities in Malawi. The company is primarily advancing the Lake Chilwa project, a prospective mineral sands project located in southern Malawi.

The Lake Chilwa project is being explored for heavy mineral sands and associated critical minerals, including monazite, ilmenite, rutile and zircon. These minerals can be used in applications such as rare earth element production, pigments, ceramics and advanced industrial materials.