Short Interest in General Moly Rises By 0.8% (GMO)
General Moly (NYSE:GMO) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 2,662,447 shares, a growth of 0.8% from the July 15th total of 2,683,813 shares, ARN reports. Currently, 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 155,458 shares, the days-to-cover ratio is currently 17.1 days.
Separately, analysts at HC Wainwright initiated coverage on shares of General Moly in a research note on Monday, May 19th. They set a “buy” rating and a $1.70 price target on the stock.
Shares of General Moly (NYSE:GMO) opened at 0.97 on Thursday. General Moly has a 1-year low of $0.82 and a 1-year high of $1.99. The stock has a 50-day moving average of $1.05 and a 200-day moving average of $1.08. The company’s market cap is $89.1 million.
General Moly (NYSE:GMO) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). Analysts expect that General Moly will post $-0.10 EPS for the current fiscal year.
General Moly, Inc (NYSE:GMO) is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum.
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