Short Interest in B2Gold Corp. (NYSEAMERICAN:BTG) Rises By 5.8%

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,800,000 shares, an increase of 5.8% from the August 31st total of 12,100,000 shares. Based on an average trading volume of 13,550,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC grew its position in shares of B2Gold by 31.5% during the first quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 6,174 shares in the last quarter. SG Americas Securities LLC grew its position in B2Gold by 6.9% in the first quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 9,723 shares in the last quarter. Independent Wealth Network Inc. purchased a new position in B2Gold in the first quarter worth about $26,000. Castle Wealth Management LLC purchased a new position in B2Gold in the first quarter worth about $28,000. Finally, Peapack Gladstone Financial Corp grew its position in B2Gold by 58.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 33,984 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 12,500 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Up 1.9 %

NYSEAMERICAN:BTG opened at $3.14 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $2.73. The company has a market capitalization of $4.11 billion, a PE ratio of -104.63, a PEG ratio of 1.65 and a beta of 1.10. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.46.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. Sell-side analysts anticipate that B2Gold will post 0.26 earnings per share for the current fiscal year.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.