Golden Star Resources Sees Significant Decrease in Short Interest (GSS)
Shares of Golden Star Resources (NYSE:GSS) were the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 6,460,584 shares, a drop of 3.9% from the March 31st total of 6,721,653 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 1,650,596 shares, the short-interest ratio is presently 3.9 days. Currently, 2.5% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity upgraded shares of Golden Star Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. Separately, analysts at Barrington Research downgraded shares of Golden Star Resources to a “market perform” rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $0.50.
Golden Star Resources (NYSE:GSS) opened at 0.6108 on Monday. Golden Star Resources has a one year low of $0.39 and a one year high of $1.09. The stock has a 50-day moving average of $0.66 and a 200-day moving average of $0.57. The company’s market cap is $158.3 million.
Golden Star Resources Ltd, (NYSE:GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa.
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