General Moly Short Interest Up 0.3% in May (GMO)
Shares of General Moly (NYSE:GMO) saw a large increase in short interest in May. As of May 30th, there was short interest totalling 5,340,858 shares, an increase of 0.3% from the May 15th total of 5,327,381 shares, ARN reports. Approximately 7.9% of the shares of the stock are short sold. Based on an average trading volume of 374,247 shares, the short-interest ratio is presently 14.3 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of General Moly from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 20th. They now have a $1.20 price target on the stock. Separately, analysts at HC Wainwright initiated coverage on shares of General Moly in a research note on Monday, May 19th. They set a “buy” rating and a $1.70 price target on the stock.
Shares of General Moly (NYSE:GMO) opened at 1.10 on Thursday. General Moly has a one year low of $0.82 and a one year high of $2.16. The stock’s 50-day moving average is $1.04 and its 200-day moving average is $1.1. The company’s market cap is $101.1 million.
General Moly (NYSE:GMO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). Analysts expect that General Moly will post $-0.10 EPS for the current fiscal year.
General Moly, Inc (NYSE:GMO) is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.