Lake Shore Gold Corp Short Interest Up 0.3% in July (LSG)
Shares of Lake Shore Gold Corp (NYSE:LSG) were the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,153,826 shares, an increase of 0.3% from the July 15th total of 7,175,847 shares, AmericanBankingNews.com reports. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 406,992 shares, the days-to-cover ratio is presently 17.6 days.
Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Lake Shore Gold Corp in a research note on Tuesday, July 15th. They now have a $1.50 price target on the stock, up previously from $1.00.
Shares of Lake Shore Gold Corp (NYSE:LSG) opened at 1.19 on Thursday. Lake Shore Gold Corp has a 1-year low of $0.33 and a 1-year high of $1.28. The stock has a 50-day moving average of $1.08 and a 200-day moving average of $0.8. The company’s market cap is $502.4 million.
Lake Shore Gold Corp (NYSE:LSG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03.
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