Golden Minerals Co (AUMN) Short Interest Up 5.6% in August

Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,705,403 shares, an increase of 5.6% from the August 15th total of 3,507,441 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average daily volume of 250,554 shares, the days-to-cover ratio is presently 14.8 days.

AUMN has been the topic of a number of research analyst reports. Zacks Investment Research raised Golden Minerals from a “hold” rating to a “buy” rating and set a $0.25 price target on the stock in a research report on Wednesday. HC Wainwright set a $1.00 price target on Golden Minerals and gave the stock a “buy” rating in a research report on Thursday, September 6th.

Shares of NYSEAMERICAN AUMN remained flat at $$0.23 during mid-day trading on Wednesday. The stock had a trading volume of 172,108 shares, compared to its average volume of 154,718. Golden Minerals has a 52 week low of $0.21 and a 52 week high of $0.59.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last announced its earnings results on Thursday, August 9th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Golden Minerals had a negative net margin of 17.96% and a negative return on equity of 14.24%. The firm had revenue of $1.73 million during the quarter.

About Golden Minerals

Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the VelardeƱa and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.

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