Short Interest in Banro Drops By 24.2% (BAA)
Banro (NYSE:BAA) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 572,554 shares, a decline of 24.2% from the June 13th total of 755,300 shares, Analyst Ratings Net reports. Based on an average trading volume of 780,752 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.
Separately, analysts at CIBC set a $0.60 price target on shares of Banro in a research note on Thursday, May 15th.
Shares of Banro (NYSE:BAA) opened at 0.34 on Monday. Banro has a one year low of $0.33 and a one year high of $1.19. The stock’s 50-day moving average is $0.43 and its 200-day moving average is $0.51. The company’s market cap is $85.7 million.
Banro Corporation (NYSE:BAA) is a Canada-based gold exploration company.