Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Shares Shorted: Short Interest Up 256.2% in September

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 21,542 shares, an increase of 256.2% from the August 31st total of 6,048 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,271 shares, the days-to-cover ratio is currently 5.0 days.

Avalon Rare Metals Price Performance

Shares of OTCMKTS AVLNF opened at $5.24 on Monday. The stock has a 50-day simple moving average of $5.82. Avalon Rare Metals has a 52-week low of $3.25 and a 52-week high of $25.20. The company has a market capitalization of $24.33 million, a PE ratio of -0.04 and a beta of 0.66.

Avalon Rare Metals (OTCMKTS:AVLNF) last announced its quarterly earnings results on Friday, July 10th. The company reported ($117.00) earnings per share for the quarter. The company had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.05 million. Avalon Rare Metals had a negative return on equity of 7.08% and a negative net margin of 9,575.14%. On average, research analysts anticipate that Avalon Rare Metals will post -3.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Avalon Rare Metals to a “hold” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Avalon Rare Metals Company Profile

Avalon Rare Metals Inc, now known as Avalon Advanced Materials Inc, is a Canadian mineral development company focused on advancing critical minerals projects. The company is not primarily a mining producer; its activities center on exploration, project development, resource evaluation and efforts to establish domestic supply chains for minerals used in technology, energy and advanced manufacturing.

Avalon’s principal projects have included the Separation Rapids lithium project near Kenora, Ontario; the East Kemptville tin-indium-gallium project in Nova Scotia; and the Nechalacho rare earths project in the Northwest Territories.