Idaho Copper Corporation (NYSEAMERICAN:COPR) Stock Short Interest Drops 43.7%

Idaho Copper Corporation (NYSEAMERICAN:COPR) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 62,112 shares, a drop of 43.7% from the September 30th total of 110,349 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 112,632 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Idaho Copper to a “hold” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Idaho Copper has an average rating of “Hold”.

Idaho Copper Stock Performance

Shares of NYSEAMERICAN:COPR traded up $0.06 during mid-day trading on Monday, reaching $1.70. 124,579 shares of the company were exchanged, compared to its average volume of 85,364. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.49 and a current ratio of 5.49. The company has a 50-day moving average price of $2.96. Idaho Copper has a 1 year low of $1.62 and a 1 year high of $18.00.

Idaho Copper Company Profile

Idaho Copper Corporation (NYSE American: COPR) is a mineral exploration and development company focused on identifying and advancing copper and other critical-mineral projects.

The company’s principal asset is the CuMo project in Idaho, a polymetallic exploration property associated with copper, molybdenum, silver and tungsten. Its activities generally include mineral exploration, resource evaluation, permitting and assessing the potential development of its mineral properties.

Idaho Copper is focused on projects in the United States, particularly Idaho.