Golden Star Resources Short Interest Down 6.9% in August (GSS)
Shares of Golden Star Resources (NYSE:GSS) were the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 5,232,892 shares, a decline of 6.9% from the July 31st total of 5,617,983 shares, ARN reports. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 631,546 shares, the days-to-cover ratio is currently 8.3 days.
Separately, analysts at Zacks upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $0.60 price target on the stock.
Shares of Golden Star Resources (NYSE:GSS) opened at 0.50 on Wednesday. Golden Star Resources has a 52-week low of $0.39 and a 52-week high of $0.89. The stock’s 50-day moving average is $0.54 and its 200-day moving average is $0.60. The company’s market cap is $129.7 million.
Golden Star Resources (NYSE:GSS) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03). Analysts expect that Golden Star Resources will post $-0.07 EPS for the current fiscal year.
Golden Star Resources Ltd, (NYSE:GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa.
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