General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 785,837 shares, a growth of 44.4% from the October 15th total of 544,285 shares. Based on an average trading volume of 983,206 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.1% of the company’s stock are short sold.

Shares of NYSEAMERICAN GMO opened at $0.20 on Friday. General Moly has a 12-month low of $0.19 and a 12-month high of $0.46.

General Moly (NYSEAMERICAN:GMO) (TSE:GMO) last announced its earnings results on Wednesday, August 22nd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter.

Separately, HC Wainwright set a $1.00 target price on General Moly and gave the company a “buy” rating in a research report on Friday.

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General Moly Company Profile

General Moly, Inc, together with its subsidiary, Eureka Moly, LLC, engages in the exploration, development, and mining of mineral properties in the United States. The company explores for molybdenum and copper deposits. It primarily has an 80% interests in the Mt. Hope project consisting of 13 patented lode claims and 1 mill site claim with proven and probable molybdenum reserves totaling approximately 1.4 billion pounds located in Eureka County, Nevada.

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