Short Interest in Comstock Mining Inc (LODE) Grows By 39.0%
Comstock Mining Inc (NYSE:LODE) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,116,773 shares, an increase of 39.0% from the September 15th total of 803,406 shares. Based on an average daily trading volume, of 249,861 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.9% of the shares of the stock are sold short.
Comstock Mining (NYSE:LODE) traded down 1.736% during mid-day trading on Tuesday, hitting $0.334. 118,850 shares of the stock traded hands. Comstock Mining has a 12 month low of $0.32 and a 12 month high of $0.65. The company’s market cap is $61.22 million. The company’s 50 day moving average is $0.37 and its 200 day moving average is $0.39.
Separately, Zacks Investment Research cut shares of Comstock Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.
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Comstock Mining Company Profile
Comstock Mining Inc is a gold and silver mining company. The Company holds properties in the Comstock and Silver City mining districts (collectively, the Comstock District). The Company’s segments include mining and real estate. The mining segment consists of the Company’s activities and expenditures associated with mining.
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