Chilwa Minerals Limited (NASDAQ:CHWM) Sees Significant Growth in Short Interest

Chilwa Minerals Limited (NASDAQ:CHWM) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 43,179 shares, the short-interest ratio is currently 0.0 days.

Chilwa Minerals Price Performance

Chilwa Minerals stock traded down $0.75 during mid-day trading on Friday, reaching $4.87. The company had a trading volume of 12,903 shares, compared to its average volume of 22,654. Chilwa Minerals has a 52 week low of $4.36 and a 52 week high of $7.08.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Maxim Group started coverage on Chilwa Minerals in a research note on Wednesday, October 21st. They set a “buy” rating and a $11.00 target price for the company. Wall Street Zen raised Chilwa Minerals to a “hold” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $11.00.

Chilwa Minerals Company Profile

Chilwa Minerals Limited is an Australia-based mineral exploration and development company focused on mineral sands and rare earth opportunities in Malawi. The company is primarily advancing the Lake Chilwa project, a prospective mineral sands project located in southern Malawi.

The Lake Chilwa project is being explored for heavy mineral sands and associated critical minerals, including monazite, ilmenite, rutile and zircon. These minerals can be used in applications such as rare earth element production, pigments, ceramics and advanced industrial materials.