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.

COPYRIGHT VIOLATION WARNING: “Short Interest in General Moly, Inc. (GMO) Increases By 44.4%” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at

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.

Read More: What is a stock buyback?

Receive News & Ratings for General Moly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Moly and related companies with's FREE daily email newsletter.