Short Interest in Klondex Mines Ltd. (KLDX) Grows By 3.7%
Klondex Mines Ltd. (NYSEMKT:KLDX) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 14,609,091 shares, a growth of 3.7% from the October 13th total of 14,089,136 shares. Approximately 8.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,017,376 shares, the short-interest ratio is presently 14.4 days.
Klondex Mines (NYSEMKT:KLDX) traded down $0.21 on Monday, hitting $2.29. 3,480,000 shares of the stock traded hands, compared to its average volume of 1,040,000. Klondex Mines has a 1 year low of $2.16 and a 1 year high of $5.91.
KLDX has been the subject of several research reports. BidaskClub cut shares of Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. ValuEngine cut shares of Klondex Mines from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. HC Wainwright reissued a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. Finally, Roth Capital reissued a “buy” rating and set a $5.25 price objective on shares of Klondex Mines in a report on Wednesday, October 4th.
Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.
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