Auryn Resources Inc (AUG) Sees Large Decline in Short Interest
Auryn Resources Inc (NYSEAMERICAN:AUG) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 843,711 shares, a decline of 4.8% from the August 15th total of 886,227 shares. Based on an average daily volume of 66,519 shares, the short-interest ratio is presently 12.7 days.
A number of brokerages have recently commented on AUG. Zacks Investment Research lowered shares of Auryn Resources from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. HC Wainwright assumed coverage on shares of Auryn Resources in a report on Monday, August 20th. They set a “buy” rating and a $2.00 price target on the stock.
Shares of NYSEAMERICAN AUG opened at $1.07 on Friday. Auryn Resources has a twelve month low of $0.97 and a twelve month high of $2.53.
Auryn Resources Company Profile
Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.
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