Banro Short Interest Down 6.4% in May (BAA)
Banro (NYSE:BAA) was the recipient of a significant decrease in short interest in May. As of May 30th, there was short interest totalling 771,070 shares, a decrease of 6.4% from the May 15th total of 823,995 shares, Stock Ratings Network reports. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 564,741 shares, the short-interest ratio is currently 1.4 days.
Separately, analysts at CIBC set a $0.60 price target on shares of Banro in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $0.68.
Banro (NYSE:BAA) opened at 0.4564 on Friday. Banro has a 52 week low of $0.39 and a 52 week high of $1.19. The stock’s 50-day moving average is $0.43 and its 200-day moving average is $0.53. The company’s market cap is $115.1 million.
Banro (NYSE:BAA) last issued its quarterly earnings data on Monday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Analysts expect that Banro will post $-0.01 EPS for the current fiscal year.
Banro Corporation (NYSE:BAA) is a Canada-based gold exploration company.
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