Golden Minerals Co (NYSEAMERICAN:AUMN) Sees Significant Increase in Short Interest
Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 2,181,800 shares, a growth of 11.4% from the June 30th total of 1,957,800 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 400,800 shares, the days-to-cover ratio is presently 5.4 days.
Separately, HC Wainwright reaffirmed a “buy” rating and set a $0.60 price objective on shares of Golden Minerals in a research note on Thursday, August 8th.
A hedge fund recently raised its stake in Golden Minerals stock. Vanguard Group Inc. lifted its stake in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 958,728 shares of the basic materials company’s stock after purchasing an additional 42,160 shares during the period. Vanguard Group Inc. owned approximately 0.98% of Golden Minerals worth $271,000 at the end of the most recent reporting period.
Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter.
About Golden Minerals
Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the Velardeña and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.
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