General Moly Sees Large Increase in Short Interest (GMO)
Shares of General Moly (NYSE:GMO) were the target of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 5,640,424 shares, a growth of 5.6% from the May 30th total of 5,340,858 shares, AR Network reports. Based on an average daily volume of 360,787 shares, the days-to-cover ratio is presently 15.6 days. Currently, 8.4% of the shares of the company are short sold.
GMO has been the subject of a number of recent research reports. 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. 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 1.04 on Wednesday. General Moly has a 1-year low of $0.82 and a 1-year high of $2.07. The stock’s 50-day moving average is $1.0 and its 200-day moving average is $1.13. The company’s market cap is $95.5 million.
General Moly (NYSE:GMO) last released its earnings data on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). On average, analysts predict that General Moly will post $-0.10 earnings per share 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.
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