General Moly Sees Significant Growth in Short Interest (GMO)
General Moly (NYSE:GMO) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 6,296,770 shares, a growth of 11.6% from the June 13th total of 5,640,424 shares, Stock Ratings News reports. Based on an average daily trading volume, of 862,752 shares, the short-interest ratio is presently 7.3 days. Currently, 9.4% of the shares of the company are sold short.
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. 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.
General Moly (NYSE:GMO) traded up 1.87% on Thursday, hitting $1.09. 200,232 shares of the company’s stock traded hands. 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 $1.07 and its 200-day moving average is $1.13. The company’s market cap is $100.1 million.
General Moly (NYSE:GMO) last announced its earnings results 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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