Gold Resource Co. (GORO) Sees Large Decline in Short Interest

Gold Resource Co. (NYSEAMERICAN:GORO) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,700,333 shares, a decrease of 3.5% from the January 15th total of 1,761,097 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 441,502 shares, the days-to-cover ratio is currently 3.9 days.

Shares of Gold Resource stock opened at $4.54 on Tuesday. Gold Resource has a 52 week low of $3.61 and a 52 week high of $7.33.

The business also recently declared a monthly dividend, which will be paid on Monday, February 25th. Shareholders of record on Monday, February 11th will be paid a $0.0017 dividend. The ex-dividend date is Friday, February 8th. This represents a $0.02 annualized dividend and a yield of 0.44%.

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of Gold Resource by 30.0% during the third quarter. Renaissance Technologies LLC now owns 1,795,830 shares of the basic materials company’s stock worth $9,231,000 after acquiring an additional 414,630 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of Gold Resource by 31.5% during the third quarter. Federated Investors Inc. PA now owns 434,868 shares of the basic materials company’s stock worth $2,235,000 after acquiring an additional 104,197 shares during the last quarter. BlackRock Inc. grew its position in shares of Gold Resource by 13.5% during the second quarter. BlackRock Inc. now owns 3,679,454 shares of the basic materials company’s stock worth $24,248,000 after acquiring an additional 436,705 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Gold Resource by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,598,321 shares of the basic materials company’s stock worth $10,533,000 after acquiring an additional 279,465 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Gold Resource by 268.2% during the third quarter. JPMorgan Chase & Co. now owns 44,034 shares of the basic materials company’s stock worth $227,000 after acquiring an additional 32,074 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Gold Resource Co. (GORO) Sees Large Decline in Short Interest” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2019/02/12/gold-resource-co-goro-sees-large-decline-in-short-interest.html.

About Gold Resource

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.

Further Reading: Strangles

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

Leave a Reply