Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 64,266,200 shares, an increase of 6.3% from the March 15th total of 60,472,800 shares. Based on an average trading volume of 151,600 shares, the days-to-cover ratio is currently 423.9 days.
Wall Street Analysts Forecast Growth
Separately, Raymond James upped their price target on Ivanhoe Mines from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th.
Check Out Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.
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