Short Interest in Midway Gold Corp. Grows By 40.8% (MDW)
Midway Gold Corp. (NYSE:MDW) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 7,698,744 shares, a growth of 40.8% from the June 13th total of 5,468,341 shares, Analyst Ratings News reports. Currently, 5.9% of the company’s shares are sold short. Based on an average daily trading volume, of 2,345,333 shares, the days-to-cover ratio is currently 3.3 days.
A number of analysts have recently weighed in on MDW shares. 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) traded down 3.16% on Thursday, hitting $0.92. The stock had a trading volume of 2,022,771 shares. Midway Gold Corp. has a 52-week low of $0.72 and a 52-week high of $1.44. The stock has a 50-day moving average of $0.86 and a 200-day moving average of $0.. The company’s market cap is $123.4 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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