Short Interest in Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Rises By 102.7%

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 411,022 shares, an increase of 102.7% from the June 15th total of 202,770 shares. Based on an average daily volume of 164,793 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

REA has been the topic of a number of research reports. Zacks Research upgraded shares of Rare Earths Americas to a “hold” rating in a report on Tuesday, June 9th. B. Riley Financial assumed coverage on shares of Rare Earths Americas in a report on Monday, June 1st. They set a “buy” rating and a $28.00 target price for the company. Canaccord Genuity Group assumed coverage on shares of Rare Earths Americas in a research report on Monday, June 1st. They issued a “buy” rating and a $25.00 price target on the stock. Cantor Fitzgerald started coverage on Rare Earths Americas in a report on Monday, June 1st. They issued a “speculative buy” rating and a $34.00 price target on the stock. Finally, Stifel Nicolaus started coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $30.00 price objective for the company. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Rare Earths Americas Stock Performance

Rare Earths Americas stock traded down $0.06 during midday trading on Friday, reaching $11.16. The stock had a trading volume of 74,917 shares, compared to its average volume of 273,515. The firm has a fifty day moving average of $18.03. Rare Earths Americas has a twelve month low of $10.59 and a twelve month high of $30.02.