ASA Gold and Precious Metals Limited (NYSE:ASA) Stock Short Interest Report for September

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 20,127 shares, a growth of 553.7% from the September 15th total of 3,079 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 59,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of ASA Gold and Precious Metals

Several institutional investors have recently added to or reduced their stakes in ASA. Tidal Investments LLC bought a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter worth about $310,000. Integrated Wealth Concepts LLC raised its stake in shares of ASA Gold and Precious Metals by 3.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,143 shares of the investment management company’s stock valued at $632,000 after purchasing an additional 443 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of ASA Gold and Precious Metals during the second quarter worth about $47,000. Zazove Associates LLC lifted its position in shares of ASA Gold and Precious Metals by 3.2% during the first quarter. Zazove Associates LLC now owns 32,655 shares of the investment management company’s stock worth $2,026,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of ASA Gold and Precious Metals by 882.4% during the first quarter. Royal Bank of Canada now owns 360,577 shares of the investment management company’s stock worth $22,366,000 after purchasing an additional 323,875 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of ASA Gold and Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Performance

Shares of ASA traded up $0.57 during trading on Friday, reaching $56.37. The company’s stock had a trading volume of 50,315 shares, compared to its average volume of 51,785. The company has a fifty day moving average of $59.04 and a two-hundred day moving average of $59.30. ASA Gold and Precious Metals has a twelve month low of $43.20 and a twelve month high of $83.20.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited (NYSE: ASA) is a closed-end investment company focused on the global precious-metals sector. The fund seeks long-term capital appreciation by investing primarily in companies involved in the exploration, development, and production of gold, silver, platinum-group metals, and other precious metals.

Its portfolio generally consists of publicly traded mining and metals companies, including producers, developers, and exploration companies. ASA may also invest in businesses that provide related exposure to precious-metals prices and the mining industry.