Richmont Mines Sees Significant Increase in Short Interest (RIC)
Shares of Richmont Mines (NYSE:RIC) were the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 270,633 shares, a growth of 204.4% from the July 31st total of 88,903 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 572,168 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the company’s stock are sold short.
Shares of Richmont Mines (NYSE:RIC) traded up 2.90% during mid-day trading on Tuesday, hitting $2.48. The stock had a trading volume of 189,996 shares. Richmont Mines has a 52 week low of $0.94 and a 52 week high of $2.65. The stock has a 50-day moving average of $1.78 and a 200-day moving average of $1.51. The company’s market cap is $118.2 million.
Richmont Mines (NYSE:RIC) last announced its earnings results on Tuesday, August 5th. The company reported $0.11 EPS for the quarter. Analysts expect that Richmont Mines will post $0.07 EPS for the current fiscal year.
Richmont Mines Inc (NYSE:RIC) is engaged in the acquisition, exploration, operation, financing and development of mineral properties.
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