Short Interest in Gold Resource Co. (GORO) Rises By 17.8%
Gold Resource Co. (NYSE:GORO) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 2,499,934 shares, an increase of 17.8% from the September 15th total of 2,122,972 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average daily volume of 1,574,500 shares, the short-interest ratio is currently 1.6 days.
Gold Resource (NYSE:GORO) traded down 1.71% during trading on Tuesday, reaching $5.16. The company’s stock had a trading volume of 793,877 shares. The stock’s 50-day moving average is $6.21 and its 200 day moving average is $4.53. The company has a market cap of $280.01 million and a P/E ratio of 78.18. Gold Resource has a 12 month low of $1.14 and a 12 month high of $8.22.
Gold Resource Company Profile
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Gold Resource Corporation is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.
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