New Gold Short Interest Up 0.4% in July (NGD)
Shares of New Gold (NYSE:NGD) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,867,231 shares, an increase of 0.4% from the July 15th total of 7,895,685 shares, AR Network reports. Based on an average trading volume of 2,249,647 shares, the short-interest ratio is currently 3.5 days. Approximately 1.6% of the company’s shares are short sold.
New Gold (NYSE:NGD) opened at 6.33 on Thursday. New Gold has a 52-week low of $4.68 and a 52-week high of $8.10. The stock’s 50-day moving average is $6.27 and its 200-day moving average is $5.73. The company’s market cap is $3.190 billion.
New Gold (NYSE:NGD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $178.10 million for the quarter, compared to the consensus estimate of $195.42 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that New Gold will post $0.12 earnings per share for the current fiscal year.
New Gold Inc (NYSE:NGD) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile and Brazil.
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