Short Interest in Gold Fields Limited (GFI) Expands By 71.7%

Gold Fields Limited (NYSE:GFI) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,444,243 shares, a growth of 71.7% from the November 30th total of 3,170,378 shares. Based on an average daily trading volume, of 5,346,654 shares, the short-interest ratio is presently 1.0 days.

Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Van ECK Associates Corp increased its stake in shares of Gold Fields by 45.1% during the second quarter. Van ECK Associates Corp now owns 83,505,034 shares of the company’s stock worth $290,598,000 after purchasing an additional 25,935,929 shares during the period. Majedie Asset Management Ltd increased its stake in shares of Gold Fields by 15.6% during the third quarter. Majedie Asset Management Ltd now owns 26,795,190 shares of the company’s stock worth $115,487,000 after purchasing an additional 3,612,155 shares during the period. BT Investment Management Ltd bought a new position in shares of Gold Fields during the second quarter worth approximately $6,547,000. Dimensional Fund Advisors LP increased its stake in shares of Gold Fields by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 36,205,793 shares of the company’s stock worth $156,047,000 after purchasing an additional 1,577,860 shares during the period. Finally, AJO LP bought a new position in shares of Gold Fields during the second quarter worth approximately $3,211,000. Institutional investors own 33.73% of the company’s stock.

Gold Fields (NYSE:GFI) opened at $4.39 on Thursday. Gold Fields has a 52 week low of $2.86 and a 52 week high of $4.70.

Several research firms have issued reports on GFI. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Deutsche Bank upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/04/short-interest-in-gold-fields-limited-gfi-expands-by-71-7.html.

Gold Fields Company Profile

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply