Base Carbon Inc. (OTCMKTS:BCBNF) Short Interest Up ∞ in August

Base Carbon Inc. (OTCMKTS:BCBNF) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 30,500 shares, a growth of ∞ from the July 30th total of 0 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,112 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Base Carbon to a “hold” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Base Carbon Stock Performance

Shares of OTCMKTS BCBNF traded up $0.00 during trading hours on Friday, hitting $0.48. 38,110 shares of the company traded hands, compared to its average volume of 34,811. The company’s 50 day moving average price is $0.42 and its 200 day moving average price is $0.55. Base Carbon has a 12 month low of $0.35 and a 12 month high of $0.84.

Base Carbon (OTCMKTS:BCBNF) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). Sell-side analysts predict that Base Carbon will post 0.02 earnings per share for the current year.

About Base Carbon

Base Carbon Inc, together with its subsidiaries, engages in the provision of capital, development expertise, and management operating resources to projects involved primarily in voluntary carbon markets and the broader environmental markets. It engages with corporations, sovereign entities, academic institutions, and carbon reduction project developers to produce and commercialize verified carbon credits. The company was formerly known as 1287411 B.C. Ltd. and changed its name to Base Carbon Inc in February 2022.