Klondex Mines Ltd (NYSEAMERICAN:KLDX) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 17,984,258 shares, an increase of 7.4% from the November 15th total of 16,748,034 shares. Based on an average daily trading volume, of 1,114,014 shares, the days-to-cover ratio is presently 16.1 days. Approximately 10.2% of the shares of the stock are short sold.

Klondex Mines (KLDX) traded up $0.16 on Monday, reaching $2.37. The company’s stock had a trading volume of 1,677,894 shares, compared to its average volume of 1,252,664. Klondex Mines has a one year low of $2.16 and a one year high of $5.91.

Institutional investors and hedge funds have recently bought and sold shares of the business. TIAA CREF Investment Management LLC purchased a new stake in Klondex Mines during the second quarter worth $1,588,000. Bank of New York Mellon Corp purchased a new stake in Klondex Mines during the second quarter worth $1,740,000. CIBC Asset Management Inc boosted its position in Klondex Mines by 0.7% during the second quarter. CIBC Asset Management Inc now owns 61,996 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank boosted its position in Klondex Mines by 16.8% during the second quarter. Swiss National Bank now owns 292,881 shares of the basic materials company’s stock worth $987,000 after purchasing an additional 42,100 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Klondex Mines during the second quarter worth $723,000.

A number of analysts recently weighed in on the company. ValuEngine downgraded Klondex Mines from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Canaccord Genuity upgraded Klondex Mines from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. HC Wainwright restated a “buy” rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Roth Capital assumed coverage on Klondex Mines in a research note on Wednesday, October 4th. They issued a “buy” rating and a $5.25 price target on the stock. Finally, TheStreet downgraded Klondex Mines from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.00.

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About Klondex Mines

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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