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Shares of Banro (NYSE:BAA) were the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 437,434 shares, a decrease of 12.5% from the July 15th total of 500,164 shares, AnalystRatings.Net reports. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,601,850 shares, the short-interest ratio is presently 0.3 days.

Separately, analysts at CIBC set a $0.60 price target on shares of Banro in a research note on Thursday, May 15th.

Banro (NYSE:BAA) opened at 0.225 on Wednesday. Banro has a 52-week low of $0.22 and a 52-week high of $1.13. The stock’s 50-day moving average is $0.33 and its 200-day moving average is $0.46. The company’s market cap is $56.7 million.

Banro Corporation (NYSE:BAA) is a Canada-based gold exploration company.

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