Alio Gold Inc (NYSEAMERICAN:ALO) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,005,789 shares, a decrease of 24.3% from the December 14th total of 1,328,989 shares. Based on an average daily trading volume, of 280,480 shares, the short-interest ratio is currently 3.6 days.

Separately, Zacks Investment Research downgraded shares of Alio Gold from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $2.00.

Alio Gold stock opened at $0.94 on Friday. Alio Gold has a one year low of $0.63 and a one year high of $3.80.

Alio Gold (NYSEAMERICAN:ALO) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $27.94 million for the quarter.

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Alio Gold by 5.7% during the 3rd quarter. Renaissance Technologies LLC now owns 1,520,814 shares of the company’s stock worth $1,213,000 after buying an additional 82,234 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Alio Gold during the 3rd quarter worth about $189,000. U S Global Investors Inc boosted its stake in shares of Alio Gold by 43.4% during the 3rd quarter. U S Global Investors Inc now owns 1,232,923 shares of the company’s stock worth $983,000 after buying an additional 372,923 shares during the last quarter. First Manhattan Co. acquired a new position in shares of Alio Gold during the 3rd quarter worth about $677,000. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Alio Gold by 945.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 6,440,309 shares of the company’s stock worth $5,137,000 after buying an additional 5,824,055 shares during the last quarter.

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Alio Gold Company Profile

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.

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