Alio Gold Inc (ALO) Short Interest Up 379.5% in September
Alio Gold Inc (NYSE:ALO) saw a significant increase in short interest in the month of September. As of September 29th, there was short interest totalling 101,040 shares, an increase of 379.5% from the September 15th total of 21,073 shares. Based on an average daily volume of 276,313 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.
Alio Gold (NYSE ALO) traded down 4.72% on Tuesday, hitting $4.34. 116,624 shares of the stock were exchanged. The company’s 50 day moving average is $4.34 and its 200 day moving average is $4.40. The stock has a market cap of $189.55 million and a PE ratio of 3.30. Alio Gold has a 1-year low of $2.70 and a 1-year high of $6.06.
Alio Gold (NYSE:ALO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The business had revenue of $27.07 million during the quarter, compared to the consensus estimate of $25.00 million. On average, equities research analysts expect that Alio Gold will post $0.43 earnings per share for the current year.
Several research firms have recently issued reports on ALO. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Alio Gold from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Sentry Investments Corp. bought a new stake in shares of Alio Gold in the 2nd quarter worth about $6,630,000. Acadian Asset Management LLC bought a new stake in shares of Alio Gold in the 2nd quarter worth about $1,566,000. Loews Corp bought a new stake in shares of Alio Gold in the 2nd quarter worth about $593,000. Aegis Financial Corp bought a new stake in shares of Alio Gold in the 2nd quarter worth about $1,103,000. Finally, AGF Investments Inc. bought a new stake in shares of Alio Gold in the 2nd quarter worth about $730,000.
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Alio Gold Company Profile
Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.
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