Idaho Copper Corporation (NYSEAMERICAN:COPR) Sees Significant Decrease in Short Interest

Idaho Copper Corporation (NYSEAMERICAN:COPR) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 62,112 shares, a decrease of 43.7% from the September 30th total of 110,349 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 112,632 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

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

Idaho Copper Stock Performance

Shares of Idaho Copper stock traded down $0.11 during trading on Friday, reaching $1.64. The company’s stock had a trading volume of 62,966 shares, compared to its average volume of 87,047. The stock has a 50-day moving average of $2.98. The company has a quick ratio of 5.49, a current ratio of 5.49 and a debt-to-equity ratio of 0.03. Idaho Copper has a one year low of $1.64 and a one year high of $18.00.

About Idaho Copper

Idaho Copper Corporation (NYSE American: COPR) is a mineral exploration and development company focused on identifying and advancing copper and other critical-mineral projects.

The company’s principal asset is the CuMo project in Idaho, a polymetallic exploration property associated with copper, molybdenum, silver and tungsten. Its activities generally include mineral exploration, resource evaluation, permitting and assessing the potential development of its mineral properties.

Idaho Copper is focused on projects in the United States, particularly Idaho.