Golden Minerals Co (AUMN) Short Interest Update
Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,557,805 shares, an increase of 11.9% from the November 15th total of 1,392,417 shares. Based on an average daily volume of 109,660 shares, the days-to-cover ratio is presently 14.2 days. Approximately 3.2% of the company’s shares are short sold.
A hedge fund recently bought a new stake in Golden Minerals stock. ETF Managers Group LLC acquired a new position in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,365,995 shares of the basic materials company’s stock, valued at approximately $767,000. ETF Managers Group LLC owned about 1.52% of Golden Minerals at the end of the most recent reporting period.
Separately, HC Wainwright reissued a “buy” rating and set a $1.00 price target on shares of Golden Minerals in a research report on Thursday, October 26th.
Shares of Golden Minerals (AUMN) opened at $0.42 on Thursday. Golden Minerals has a 52-week low of $0.38 and a 52-week high of $0.85.
Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.00 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 $1.77 million for the quarter.
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About Golden Minerals
Golden Minerals Company is a mining company. The Company owns the Velardena and Chicago precious metals mining properties and associated oxide and sulfide processing plants (the Velardena Properties) in the State of Durango, Mexico, the El Quevar advanced exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in Mexico.
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