Aclara Resources Inc. (OTCMKTS:ARAAF) Short Interest Update

Aclara Resources Inc. (OTCMKTS:ARAAF) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 263,368 shares, a decline of 67.1% from the April 30th total of 801,214 shares. Based on an average daily trading volume, of 177,956 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised shares of Aclara Resources from a “sector perform” rating to an “outperform” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Aclara Resources Stock Performance

ARAAF opened at $3.15 on Monday. The firm’s 50 day moving average is $2.97 and its 200-day moving average is $2.42. Aclara Resources has a 52-week low of $0.53 and a 52-week high of $4.00.

About Aclara Resources

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile. The company holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.