Golden Star Resources Ltd. (GSS) Short Interest Update
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) was the target of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 16,792,681 shares, a decrease of 4.3% from the December 15th total of 17,538,983 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 927,762 shares, the short-interest ratio is currently 18.1 days.
Golden Star Resources (NYSEAMERICAN:GSS) opened at $0.85 on Thursday. The firm has a market capitalization of $427.14, a PE ratio of 12.14 and a beta of -0.84. Golden Star Resources has a 1-year low of $0.59 and a 1-year high of $1.01.
A number of research analysts have recently weighed in on GSS shares. Scotiabank reissued a “sector perform” rating and issued a $1.25 price objective on shares of Golden Star Resources in a report on Wednesday, September 20th. Desjardins started coverage on Golden Star Resources in a report on Friday, September 29th. They issued a “buy” rating on the stock. Zacks Investment Research lowered Golden Star Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Finally, HC Wainwright started coverage on Golden Star Resources in a report on Wednesday, November 29th. They issued a “buy” rating and a $1.40 price objective on the stock.
About Golden Star Resources
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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