Faraday Copper Corp. (OTCMKTS:CPPKF) Sees Large Growth in Short Interest

Faraday Copper Corp. (OTCMKTS:CPPKF) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 656,906 shares, a growth of 73.2% from the April 15th total of 379,359 shares. Based on an average daily volume of 221,932 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

CPPKF has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Faraday Copper in a report on Monday, February 23rd. TD Securities reaffirmed a “buy” rating on shares of Faraday Copper in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Faraday Copper currently has an average rating of “Buy”.

Faraday Copper Stock Down 1.6%

Shares of OTCMKTS CPPKF opened at $4.05 on Tuesday. The stock’s fifty day moving average price is $3.43 and its two-hundred day moving average price is $2.55. Faraday Copper has a one year low of $0.53 and a one year high of $4.40.

About Faraday Copper

Faraday Copper Corp is a Canada‐based mineral exploration and development company focused on advancing copper‐gold porphyry projects in Chile. The company’s flagship asset is the El Alcaparrosa copper‐gold deposit, located in the Maricunga mineral belt of northern Chile. Faraday Copper holds mining concessions that cover a combined area of approximately 9,000 hectares, positioning it to explore, define and develop resources to support future mine studies and potential production.

The company’s technical activities include systematic drilling campaigns, metallurgical testing and environmental baseline studies.