Midway Gold Corp. Short Interest Down 7.1% in June (MDW)
Shares of Midway Gold Corp. (NYSE:MDW) saw a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 5,468,341 shares, a decline of 7.1% from the May 30th total of 5,889,102 shares, AR Network reports. Based on an average daily volume of 737,586 shares, the short-interest ratio is presently 7.4 days. Currently, 5.3% of the company’s shares are sold short.
MDW has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Midway Gold Corp. in a research note on Friday, May 23rd. They now have a C$1.35 price target on the stock. Separately, analysts at Pi Financial raised their price target on shares of Midway Gold Corp. from C$1.60 to C$1.75 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Finally, analysts at Haywood Securities reiterated a “buy” rating on shares of Midway Gold Corp. in a research note on Friday, May 23rd. They now have a C$1.50 price target on the stock.
Midway Gold Corp. (NYSE:MDW) opened at 0.8248 on Wednesday. Midway Gold Corp. has a 1-year low of $0.72 and a 1-year high of $1.44. The stock’s 50-day moving average is $0.84 and its 200-day moving average is $0.97. The company’s market cap is $110.6 million.
Midway Gold Corp. (NYSE:MDW) is a development-stage company engaged in the acquisition, exploration and development of gold and silver mineral properties in North America.
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