Aclara Resources Inc. (OTCMKTS:ARAAF) Short Interest Up 55.7% in July

Aclara Resources Inc. (OTCMKTS:ARAAF) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 251,438 shares, an increase of 55.7% from the July 15th total of 161,483 shares. Based on an average daily volume of 152,622 shares, the short-interest ratio is currently 1.6 days.

Analysts Set New Price Targets

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

Aclara Resources Stock Up 0.5%

Aclara Resources stock opened at $2.90 on Wednesday. Aclara Resources has a 52 week low of $1.01 and a 52 week high of $4.00. The company has a 50 day moving average price of $2.81 and a 200 day moving average price of $2.79.

Aclara Resources Company Profile

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.