Golden Minerals Co (AUMN) Short Interest Update
Golden Minerals Co (NYSEMKT:AUMN) (TSE:AUM) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,484,618 shares, an increase of 1.1% from the October 13th total of 1,468,593 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 111,382 shares, the days-to-cover ratio is currently 13.3 days.
A hedge fund recently bought a new stake in Golden Minerals stock. ETF Managers Group LLC purchased a new stake in shares of Golden Minerals Co (NYSEMKT:AUMN) (TSE:AUM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,365,995 shares of the basic materials company’s stock, valued at approximately $767,000. ETF Managers Group LLC owned 1.52% of Golden Minerals at the end of the most recent quarter.
Several equities analysts have weighed in on the company. ValuEngine downgraded Golden Minerals from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. HC Wainwright reaffirmed a “buy” rating and issued a $1.00 price objective on shares of Golden Minerals in a research report on Thursday, October 26th.
Golden Minerals (NYSEMKT:AUMN) (TSE:AUM) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.00 earnings per share (EPS) for the quarter. Golden Minerals had a negative return on equity of 1.81% and a negative net margin of 2.07%. The firm had revenue of $1.77 million during the quarter.
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About Golden Minerals
Golden Minerals Company is a mining company. The Company owns the Velardena and Chicago precious metals mining properties and associated oxide and sulfide processing plants (the Velardena Properties) in the State of Durango, Mexico, the El Quevar advanced exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in Mexico.
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