Sandstorm Gold Ltd (NYSEAMERICAN:SAND) was the target of a large increase in short interest in the month of September. As of September 14th, there was short interest totalling 3,672,714 shares, an increase of 15.1% from the August 31st total of 3,191,477 shares. Based on an average daily volume of 1,330,232 shares, the days-to-cover ratio is presently 2.8 days.

Separately, Zacks Investment Research upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.83.

A number of hedge funds and other institutional investors have recently modified their holdings of SAND. Tower Research Capital LLC TRC boosted its stake in Sandstorm Gold by 251.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock worth $104,000 after purchasing an additional 16,602 shares during the period. Natixis bought a new position in Sandstorm Gold in the 1st quarter worth about $110,000. Community Financial Services Group LLC bought a new position in Sandstorm Gold in the 2nd quarter worth about $135,000. Resources Investment Advisors Inc. raised its holdings in shares of Sandstorm Gold by 81.4% in the 2nd quarter. Resources Investment Advisors Inc. now owns 36,317 shares of the mining company’s stock valued at $163,000 after acquiring an additional 16,300 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Sandstorm Gold by 132.0% in the 2nd quarter. BlackRock Inc. now owns 38,943 shares of the mining company’s stock valued at $175,000 after acquiring an additional 22,156 shares in the last quarter.

NYSEAMERICAN SAND traded up $0.09 during trading hours on Tuesday, hitting $3.86. The company had a trading volume of 1,309,287 shares, compared to its average volume of 1,254,546. Sandstorm Gold has a 52 week low of $3.52 and a 52 week high of $5.64.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold streaming and royalty company. It has a portfolio of 174 streams and royalties in Canada, the United States, Australia, Honduras, Brazil, Peru, Chile, Argentina, Australia, Turkey, French Guiana, South Africa, Paraguay, Botswana, Sweden, Mongolia, Mexico, and Cote d'Ivoire.

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