Short Interest in Lake Shore Gold Corp Decreases By 5.2% (LSG)
Lake Shore Gold Corp (NYSE:LSG) was the recipient of a large decline in short interest in June. As of June 13th, there was short interest totalling 7,287,790 shares, a decline of 5.2% from the May 30th total of 7,684,568 shares, Analyst Ratings Net reports. Based on an average daily volume of 338,039 shares, the days-to-cover ratio is currently 21.6 days. Currently, 1.8% of the company’s stock are sold short.
LSG has been the subject of a number of recent research reports. 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. 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.
Lake Shore Gold Corp (NYSE:LSG) opened at 0.81 on Wednesday. Lake Shore Gold Corp has a 52-week low of $0.24 and a 52-week high of $0.95. The stock’s 50-day moving average is $0.76 and its 200-day moving average is $0.70. The company’s market cap is $337.6 million.
Lake Shore Gold Corp (NYSE:LSG) last released its earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01.
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