Lake Shore Gold Corp Short Interest Down 1.0% in May (LSG)
Lake Shore Gold Corp (NYSE:LSG) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 8,056,212 shares, a decrease of 1.0% from the April 30th total of 7,974,056 shares, Analyst Ratings.Net reports. Based on an average daily volume of 303,934 shares, the short-interest ratio is currently 26.5 days. Currently, 1.9% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Lake Shore Gold Corp in a research note on Thursday, May 8th. They now have a $1.00 price target on the stock, up previously from $0.95. Separately, analysts at Zacks upgraded shares of Lake Shore Gold Corp from a “hold” rating to a “buy” rating in a research note on Thursday, April 10th. Finally, analysts at Mackie downgraded shares of Lake Shore Gold Corp to a “hold” rating in a research note on Thursday, March 20th.
Lake Shore Gold Corp (NYSE:LSG) opened at 0.67 on Friday. Lake Shore Gold Corp has a 52 week low of $0.17 and a 52 week high of $0.91. The stock’s 50-day moving average is $0.76 and its 200-day moving average is $0.65. The company’s market cap is $279.2 million.
Lake Shore Gold Corp (NYSE:LSG) last announced its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.01.
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