Chilwa Minerals Limited (NASDAQ:CHWM) Stock Short Interest Report for October

Chilwa Minerals Limited (NASDAQ:CHWM) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 6,051 shares, an increase of 404.3% from the October 15th total of 1,200 shares. Based on an average trading volume of 16,570 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Maxim Group started coverage on Chilwa Minerals in a research note on Wednesday, October 21st. They issued a “buy” rating and a $11.00 price objective on the stock. Wall Street Zen upgraded shares of Chilwa Minerals to a “hold” rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Chilwa Minerals Stock Performance

NASDAQ CHWM opened at $3.82 on Wednesday. Chilwa Minerals has a 12-month low of $3.60 and a 12-month high of $7.08.

About Chilwa Minerals

Chilwa Minerals is a mineral exploration company focused on mineral-sands and rare-earth opportunities in Malawi. Its principal project is the Lake Chilwa Project in the country’s south, where the company is exploring for heavy mineral sands and rare-earth-bearing minerals. Chilwa Minerals is at the exploration stage; it is seeking to assess the mineral potential of its Malawi projects rather than producing or selling minerals. Its activities include evaluating deposits that may contain minerals such as ilmenite, rutile, zircon and monazite.