Short Interest in General Moly Decreases By 1.8% (GMO)
General Moly (NYSE:GMO) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 2,614,159 shares, a decrease of 1.8% from the July 31st total of 2,662,447 shares, American Banking News reports. Currently, 3.9% of the shares of the company are sold short. Based on an average daily trading volume, of 164,718 shares, the days-to-cover ratio is currently 15.9 days.
Shares of General Moly (NYSE:GMO) opened at 0.93 on Friday. General Moly has a 52-week low of $0.82 and a 52-week high of $1.99. The stock has a 50-day moving average of $1.0 and a 200-day moving average of $1.06. The company’s market cap is $85.4 million.
General Moly (NYSE:GMO) last announced its earnings results on Monday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). On average, analysts predict that General Moly will post $-0.10 earnings per share for the current fiscal year.
General Moly, Inc (NYSE:GMO) is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum.
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