Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Sees Large Growth in Short Interest

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 148,356 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 884,117 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several brokerages have issued reports on REA. B. Riley Financial began coverage on Rare Earths Americas in a research report on Monday. They issued a “buy” rating and a $28.00 price objective for the company. Canaccord Genuity Group began coverage on Rare Earths Americas in a research report on Monday. They issued a “buy” rating and a $25.00 price objective for the company. Stifel Nicolaus began coverage on Rare Earths Americas in a research report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald began coverage on Rare Earths Americas in a research report on Monday. They issued a “speculative buy” rating and a $34.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $29.25.

Rare Earths Americas Price Performance

Shares of NYSEAMERICAN REA traded down $0.65 during midday trading on Wednesday, hitting $21.89. The stock had a trading volume of 59,876 shares, compared to its average volume of 440,766. Rare Earths Americas has a fifty-two week low of $18.95 and a fifty-two week high of $30.02.