Gossan Resources Limited (NYSEAMERICAN:GSS) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 17,160,878 shares, a drop of 2.8% from the October 31st total of 17,653,361 shares. Approximately 4.7% of the company’s stock are sold short. Based on an average trading volume of 2,133,466 shares, the days-to-cover ratio is currently 8.0 days.

GSS has been the topic of several recent research reports. Scotiabank reaffirmed a “sector perform” rating and set a $1.25 price objective on shares of Gossan Resources in a research report on Wednesday, September 20th. Desjardins initiated coverage on shares of Gossan Resources in a research report on Friday, September 29th. They set a “buy” rating on the stock.

Shares of Gossan Resources (NYSEAMERICAN:GSS) traded down $0.01 on Monday, reaching $0.87. 757,395 shares of the company traded hands, compared to its average volume of 1,996,474. Gossan Resources has a 52-week low of $0.59 and a 52-week high of $1.01.

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Gossan Resources Company Profile

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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