Short Interest in Capstone Copper Corp. (OTCMKTS:CSCCF) Expands By 38.0%

Capstone Copper Corp. (OTCMKTS:CSCCF) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 9,701,900 shares, a growth of 38.0% from the September 30th total of 7,031,000 shares. Based on an average daily volume of 540,200 shares, the days-to-cover ratio is currently 18.0 days. Based on an average daily volume of 540,200 shares, the days-to-cover ratio is currently 18.0 days.

Capstone Copper Stock Down 2.0%

Capstone Copper stock opened at C$8.73 on Tuesday. The stock’s 50 day moving average is C$8.04 and its 200 day moving average is C$6.49. Capstone Copper has a one year low of C$3.51 and a one year high of C$9.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CSCCF shares. Citigroup reissued a “buy” rating on shares of Capstone Copper in a research note on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Capstone Copper in a research note on Wednesday, October 15th. Finally, CIBC reissued an “outperform” rating on shares of Capstone Copper in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Capstone Copper Company Profile

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.