Comstock Mining Inc (LODE) Sees Large Increase in Short Interest
Comstock Mining Inc (NYSE:LODE) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,701,442 shares, a growth of 2.0% from the July 14th total of 2,647,397 shares. Based on an average daily trading volume, of 3,872,513 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.9% of the company’s shares are sold short.
Shares of Comstock Mining (NYSE LODE) traded down 3.8781% during midday trading on Wednesday, hitting $0.1735. The stock had a trading volume of 1,875,066 shares. The stock has a 50-day moving average price of $0.18 and a 200-day moving average price of $0.21. Comstock Mining has a 12-month low of $0.13 and a 12-month high of $0.44. The stock’s market cap is $33.31 million.
Comstock Mining (NYSE:LODE) last announced its earnings results on Tuesday, August 1st. The mining company reported ($0.02) earnings per share for the quarter. The business had revenue of $0.03 million for the quarter. Comstock Mining had a negative net margin of 14,381.44% and a negative return on equity of 83.53%. Equities analysts forecast that Comstock Mining will post ($0.07) earnings per share for the current year.
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About Comstock Mining
Comstock Mining Inc is a gold and silver mining company. The Company holds properties in the Comstock and Silver City mining districts (collectively, the Comstock District). The Company’s segments include mining and real estate. The mining segment consists of the Company’s activities and expenditures associated with mining.
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