Lake Shore Gold Corp Short Interest Up 7.2% in June (LSG)
Shares of Lake Shore Gold Corp (NYSE:LSG) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 7,813,922 shares, a growth of 7.2% from the June 13th total of 7,287,790 shares, American Banking News reports. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 868,302 shares, the days-to-cover ratio is currently 9.0 days.
Separately, 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.
Shares of Lake Shore Gold Corp (NYSE:LSG) traded up 0.91% during mid-day trading on Thursday, hitting $1.11. The stock had a trading volume of 1,104,060 shares. Lake Shore Gold Corp has a 1-year low of $0.30 and a 1-year high of $1.12. The stock’s 50-day moving average is $0.82 and its 200-day moving average is $0.74. The company’s market cap is $462.6 million.
Lake Shore Gold Corp (NYSE:LSG) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.01.
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