Aclara Resources Inc. (OTCMKTS:ARAAF) Short Interest Update

Aclara Resources Inc. (OTCMKTS:ARAAF) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 251,438 shares, a growth of 55.7% from the July 15th total of 161,483 shares. Based on an average daily trading volume, of 152,622 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised shares of Aclara Resources from a “sector perform” rating to an “outperform” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Aclara Resources has an average rating of “Buy”.

Aclara Resources Trading Down 2.9%

Aclara Resources stock opened at $2.88 on Tuesday. The stock has a fifty day moving average price of $2.81 and a 200 day moving average price of $2.79. Aclara Resources has a 52 week low of $1.01 and a 52 week high of $4.00.

About Aclara Resources

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile. The company holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.