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.

An institutional investor recently bought a new position in Auryn Resources stock. CVI Holdings LLC purchased a new stake in Auryn Resources Inc (NYSEAMERICAN:AUG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,124,759 shares of the company’s stock, valued at approximately $1,480,000. Auryn Resources makes up about 2.0% of CVI Holdings LLC’s investment portfolio, making the stock its 15th largest holding. CVI Holdings LLC owned 1.31% of Auryn Resources as of its most recent SEC filing.

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.

Recommended Story: Leveraged Buyout (LBO)

Receive News & Ratings for Auryn Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auryn Resources and related companies with MarketBeat.com's FREE daily email newsletter.