Golden Star Resources Ltd. (GSS) Short Interest Up 0.5% in November
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 17,244,489 shares, an increase of 0.5% from the November 15th total of 17,160,878 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average daily volume of 1,515,181 shares, the short-interest ratio is presently 11.4 days.
Golden Star Resources (GSS) remained flat at $$0.78 during midday trading on Monday. The company had a trading volume of 980,416 shares, compared to its average volume of 1,960,974. Golden Star Resources has a 52-week low of $0.59 and a 52-week high of $1.01.
GSS has been the topic of a number of analyst reports. Scotiabank restated a “sector perform” rating and set a $1.25 target price on shares of Golden Star Resources in a research report on Wednesday, September 20th. Zacks Investment Research lowered shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. HC Wainwright initiated coverage on shares of Golden Star Resources in a research report on Wednesday, November 29th. They set a “buy” rating and a $1.40 target price on the stock. Finally, Desjardins initiated coverage on shares of Golden Star Resources in a research report on Friday, September 29th. They set a “buy” rating on the stock.
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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