Mako Mining Corp. (NASDAQ:MAKO) Short Interest Down 59.5% in June

Mako Mining Corp. (NASDAQ:MAKO) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 35,219 shares, a decline of 59.5% from the June 15th total of 86,955 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 156,280 shares, the days-to-cover ratio is presently 0.2 days.

Mako Mining Price Performance

Shares of MAKO opened at $7.71 on Monday. The company has a market cap of $675.36 million and a P/E ratio of 29.65. Mako Mining has a 12 month low of $3.62 and a 12 month high of $8.99.

Mako Mining (NASDAQ:MAKO) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $68.59 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAKO shares. Wall Street Zen upgraded shares of Mako Mining to a “strong-buy” rating in a report on Friday, April 17th. Zacks Research upgraded shares of Mako Mining to a “hold” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings began coverage on shares of Mako Mining in a research report on Thursday, June 18th. They issued a “buy (b-)” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mako Mining presently has a consensus rating of “Moderate Buy”.

Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.

The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.

Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.