Faraday Copper Corp. (OTCMKTS:CPPKF) Sees Significant Growth in Short Interest

Faraday Copper Corp. (OTCMKTS:CPPKF) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 955,675 shares, an increase of 76.3% from the June 15th total of 542,030 shares. Based on an average daily volume of 128,236 shares, the days-to-cover ratio is currently 7.5 days.

Wall Street Analyst Weigh In

Separately, Raymond James Financial assumed coverage on shares of Faraday Copper in a report on Thursday, June 4th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Faraday Copper Stock Down 1.6%

CPPKF opened at $3.67 on Friday. Faraday Copper has a 52 week low of $0.75 and a 52 week high of $4.83. The business’s 50 day moving average is $4.13 and its two-hundred day moving average is $3.33.

Faraday Copper Company Profile

Faraday Copper Corp is a Canada‐based mineral exploration and development company focused on advancing copper‐gold porphyry projects in Chile. The company’s flagship asset is the El Alcaparrosa copper‐gold deposit, located in the Maricunga mineral belt of northern Chile. Faraday Copper holds mining concessions that cover a combined area of approximately 9,000 hectares, positioning it to explore, define and develop resources to support future mine studies and potential production.

The company’s technical activities include systematic drilling campaigns, metallurgical testing and environmental baseline studies.