Augusta Resource Corp Sees Significant Increase in Short Interest (AZC)
Shares of Augusta Resource Corp (NYSE:AZC) were the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,355,456 shares, an increase of 1.8% from the April 30th total of 2,313,984 shares, StockRatingsNetwork.com reports. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 104,955 shares, the days-to-cover ratio is presently 22.4 days.
Shares of Augusta Resource Corp (NYSE:AZC) opened at 2.75 on Friday. Augusta Resource Corp has a one year low of $0.45 and a one year high of $3.29. The stock has a 50-day moving average of $2.89 and a 200-day moving average of $2.32. The company’s market cap is $399.4 million.
Augusta Resource Corp (NYSE:AZC) last issued its quarterly earnings data on Thursday, April 3rd. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. On average, analysts predict that Augusta Resource Corp will post $-0.11 earnings per share for the current fiscal year.
Augusta Resource Corporation (NYSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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