Short Interest in Lake Shore Gold Corp Grows By 3.4% (LSG)
Lake Shore Gold Corp (NYSE:LSG) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 7,393,524 shares, an increase of 3.4% from the July 31st total of 7,153,826 shares, American Banking & Market News reports. Based on an average daily volume of 803,568 shares, the days-to-cover ratio is currently 9.2 days. Currently, 1.8% of the shares of the stock are sold short.
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) traded up 0.93% on Tuesday, hitting $1.08. 466,873 shares of the company’s stock traded hands. Lake Shore Gold Corp has a one year low of $0.33 and a one year high of $1.28. The stock has a 50-day moving average of $1.13 and a 200-day moving average of $0.87. The company’s market cap is $456.0 million.
Lake Shore Gold Corp (NYSE:LSG) last released its earnings data on Thursday, July 31st. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03.
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