Evolution Mining Limited (OTCMKTS:CAHPF) Sees Large Increase in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 653,774 shares, a growth of 131.3% from the May 31st total of 282,673 shares. Based on an average daily trading volume, of 32,942 shares, the short-interest ratio is currently 19.8 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 target price on the stock in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Evolution Mining currently has a consensus rating of “Reduce” and an average price target of $12.70.

Evolution Mining Stock Down 1.4%

OTCMKTS CAHPF opened at $8.38 on Tuesday. The business has a 50 day simple moving average of $8.93 and a 200 day simple moving average of $9.34. Evolution Mining has a one year low of $4.36 and a one year high of $12.70.

About Evolution Mining

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.