Short Interest in Allied Nevada Gold Corp. Grows By 4.3% (ANV)
Shares of Allied Nevada Gold Corp. (NYSE:ANV) were the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 36,335,655 shares, an increase of 4.3% from the July 15th total of 34,826,945 shares, Analyst Ratings News reports. Approximately 37.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,177,979 shares, the short-interest ratio is presently 16.7 days.
Allied Nevada Gold Corp. (NYSE:ANV) remained flat at $3.12 during trading on Monday. 1,232,188 shares of the company’s stock traded hands. Allied Nevada Gold Corp. has a 52 week low of $2.61 and a 52 week high of $6.70. The stock’s 50-day moving average is $3.48 and its 200-day moving average is $4.0. The company’s market cap is $325.5 million.
Allied Nevada Gold Corp. (NYSE:ANV) last released its earnings data on Monday, August 4th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.15. The company had revenue of $83.10 million for the quarter, compared to the consensus estimate of $82.91 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 40.8% on a year-over-year basis. Analysts expect that Allied Nevada Gold Corp. will post $-0.23 EPS for the current fiscal year.
Allied Nevada Gold Corp. (NYSE:ANV) is a gold and silver producer focused on mining, development, and exploration of properties in the state of Nevada.
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