Gold Resource Short Interest Down 5.5% in August (GORO)
Shares of Gold Resource (NYSE:GORO) were the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 3,628,366 shares, a decline of 5.5% from the July 31st total of 3,839,550 shares, StockRatingsNetwork.com reports. Approximately 7.7% of the company’s shares are sold short. Based on an average daily trading volume, of 738,578 shares, the short-interest ratio is currently 4.9 days.
Gold Resource (NYSE:GORO) opened at 6.17 on Thursday. Gold Resource has a one year low of $3.52 and a one year high of $8.82. The stock has a 50-day moving average of $5.50 and a 200-day moving average of $5.01. The company has a market cap of $334.3 million and a price-to-earnings ratio of 38.49.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
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