Gold Standard Ventures Corp (GSV) Sees Significant Decline in Short Interest

Gold Standard Ventures Corp (NYSEAMERICAN:GSV) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 5,443,419 shares, a drop of 1.0% from the January 15th total of 5,499,373 shares. Based on an average daily volume of 211,705 shares, the short-interest ratio is presently 25.7 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in Gold Standard Ventures by 114.8% in the third quarter. CIBC Asset Management Inc now owns 1,689,243 shares of the basic materials company’s stock worth $2,888,000 after purchasing an additional 902,978 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Gold Standard Ventures by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 2,636,582 shares of the basic materials company’s stock valued at $4,535,000 after acquiring an additional 58,603 shares during the period. AGF Investments Inc. increased its position in shares of Gold Standard Ventures by 19.5% in the third quarter. AGF Investments Inc. now owns 1,030,200 shares of the basic materials company’s stock valued at $1,763,000 after acquiring an additional 168,000 shares during the period. Virtu Financial LLC increased its position in shares of Gold Standard Ventures by 256.8% in the third quarter. Virtu Financial LLC now owns 107,364 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 77,272 shares during the period. Finally, U S Global Investors Inc increased its position in shares of Gold Standard Ventures by 25.0% in the third quarter. U S Global Investors Inc now owns 1,250,000 shares of the basic materials company’s stock valued at $2,150,000 after acquiring an additional 250,000 shares during the period.

Shares of NYSEAMERICAN:GSV opened at $1.26 on Tuesday. Gold Standard Ventures has a one year low of $1.08 and a one year high of $1.86.

Gold Standard Ventures (NYSEAMERICAN:GSV) last announced its quarterly earnings results on Tuesday, November 13th. The basic materials company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01).

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About Gold Standard Ventures

Gold Standard Ventures Corp., an exploration stage company, engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering approximately 53,569 gross acres of land in Elko County, Nevada.

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