Idaho Copper Corporation (NYSEAMERICAN:COPR) Sees Large Increase in Short Interest

Idaho Copper Corporation (NYSEAMERICAN:COPR) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 113,151 shares, an increase of 49.5% from the August 31st total of 75,667 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 124,042 shares, the short-interest ratio is currently 0.9 days.

Idaho Copper Stock Up 0.9%

COPR traded up $0.03 during trading on Thursday, hitting $3.19. The stock had a trading volume of 36,147 shares, compared to its average volume of 42,293. The business’s 50 day simple moving average is $2.97. Idaho Copper has a twelve month low of $2.05 and a twelve month high of $18.00.

Analyst Ratings Changes

Separately, Zacks Research upgraded Idaho Copper to a “hold” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Idaho Copper currently has a consensus rating of “Hold”.

About Idaho Copper

Idaho Copper Corp. is a mineral exploration and development company focused on advancing copper and other critical-mineral projects in Idaho. The company’s activities include acquiring, evaluating and exploring mineral properties rather than operating producing mines.

Its principal asset is the CuMo Project, a large-scale molybdenum, copper and silver exploration project located in central Idaho. Idaho Copper is working to assess the project’s mineral potential through exploration, technical studies and related development activities.

The company is headquartered in North America and concentrates its operations on mineral properties in Idaho.