Short Interest in General Moly, Inc. (GMO) Drops By 5.1%
General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 521,646 shares, a decline of 5.1% from the August 15th total of 549,812 shares. Based on an average daily trading volume, of 192,310 shares, the short-interest ratio is presently 2.7 days. Currently, 0.7% of the shares of the company are short sold.
NYSEAMERICAN GMO opened at $0.38 on Friday. General Moly has a 12-month low of $0.28 and a 12-month high of $0.49.
General Moly (NYSEAMERICAN:GMO) (TSE:GMO) last posted its quarterly earnings data on Wednesday, August 22nd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter.
A number of analysts have issued reports on GMO shares. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Friday, June 1st. HC Wainwright set a $1.00 price objective on shares of General Moly and gave the company a “buy” rating in a report on Wednesday, August 15th.
About General Moly
General Moly, Inc, together with its subsidiary, Eureka Moly, LLC, engages in the exploration, development, and mining of mineral properties in the United States. The company explores for molybdenum and copper deposits. It primarily has an 80% interests in the Mt. Hope project consisting of 13 patented lode claims and 1 mill site claim with proven and probable molybdenum reserves totaling approximately 1.4 billion pounds located in Eureka County, Nevada.
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