Short Interest in Auryn Resources (AUG) Rises By 19.2%
Auryn Resources (NYSEAMERICAN:AUG) was the recipient of a significant growth in short interest in April. As of April 13th, there was short interest totalling 563,027 shares, a growth of 19.2% from the March 30th total of 472,271 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 140,485 shares, the short-interest ratio is currently 4.0 days.
A hedge fund recently raised its stake in Auryn Resources stock. Ingalls & Snyder LLC increased its position in shares of Auryn Resources (NYSEAMERICAN:AUG) by 146.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,905,000 shares of the company’s stock after purchasing an additional 1,725,000 shares during the period. Ingalls & Snyder LLC owned approximately 3.70% of Auryn Resources worth $4,783,000 as of its most recent SEC filing.
Separately, Zacks Investment Research cut shares of Auryn Resources from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd.
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About Auryn Resources
Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.
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