Golden Minerals Co (AUMN) Short Interest Update
Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,094,045 shares, a growth of 8.6% from the April 30th total of 1,928,554 shares. Based on an average trading volume of 86,309 shares, the days-to-cover ratio is currently 24.3 days. Currently, 4.3% of the shares of the company are short sold.
A number of analysts have weighed in on the company. Zacks Investment Research cut Golden Minerals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. HC Wainwright set a $1.00 price target on Golden Minerals and gave the company a “buy” rating in a report on Friday, March 2nd.
AUMN opened at $0.39 on Friday. Golden Minerals has a 12 month low of $0.36 and a 12 month high of $0.68.
About Golden Minerals
Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the Velardeña and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.
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