Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Sees Large Increase in Short Interest

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 411,022 shares, an increase of 102.7% from the June 15th total of 202,770 shares. Based on an average trading volume of 164,793 shares, the short-interest ratio is presently 2.5 days.

Rare Earths Americas Price Performance

Shares of REA traded down $0.82 during midday trading on Wednesday, hitting $12.10. The stock had a trading volume of 140,623 shares, compared to its average volume of 279,581. The stock’s 50-day moving average price is $18.26. Rare Earths Americas has a fifty-two week low of $11.25 and a fifty-two week high of $30.02.

Analyst Ratings Changes

A number of analysts have recently weighed in on REA shares. Cantor Fitzgerald assumed coverage on shares of Rare Earths Americas in a research report on Monday, June 1st. They set a “speculative buy” rating and a $34.00 price target for the company. B. Riley Financial initiated coverage on Rare Earths Americas in a research note on Monday, June 1st. They set a “buy” rating and a $28.00 price objective for the company. Stifel Nicolaus started coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They issued a “buy” rating and a $30.00 price target on the stock. Canaccord Genuity Group started coverage on shares of Rare Earths Americas in a report on Monday, June 1st. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Research upgraded Rare Earths Americas to a “hold” rating in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.