Augusta Resource Corp. Short Interest Down 82.0% in August (AZC)
Shares of Augusta Resource Corp. (NYSE:AZC) were the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 173,344 shares, a decrease of 82.0% from the July 31st total of 961,069 shares, Stock Ratings News reports. Based on an average daily volume of 41,557 shares, the days-to-cover ratio is currently 4.2 days. Approximately 0.3% of the company’s shares are sold short.
AZC has been the subject of a number of recent research reports. Analysts at National Bank Financial downgraded shares of Augusta Resource Corp. to a “tender” rating in a research note on Tuesday, June 24th. Analysts at Canaccord Genuity downgraded shares of Augusta Resource Corp. to a “hold” rating in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.65.
Augusta Resource Corp. (NYSE:AZC) opened at 3.501 on Wednesday. Augusta Resource Corp. has a 1-year low of $0.45 and a 1-year high of $3.82. The stock has a 50-day moving average of $3.53 and a 200-day moving average of $3.12. The company’s market cap is $530.3 million.
Augusta Resource Corporation (NYSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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